Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the S&P 500® Index, issued as unsecured, unsubordinated senior preferred notes with a Face Amount of $10 per Security and no interest or dividend payments.
If on the Observation Date the S&P 500 closing value is at or above the Autocall Barrier, set at 100% of the Initial Underlying Value, the notes are automatically called and pay a Call Price of $10.80 per Security, reflecting an 8.00% Call Return, with no further upside participation.
If not called, and the index shows a positive Underlying Return, investors receive $10 plus that return multiplied by Upside Gearing between 1.45 and 1.65. If the Underlying Return is zero or negative but the Final Underlying Value is at or above a Downside Threshold equal to 75% of the Initial Underlying Value, principal is repaid at $10. Below the Downside Threshold, repayment falls in line with the full negative index move, up to a total loss of principal.
The issuer’s estimated value on the Trade Date is approximately $9.703–$9.709 per $10, below the issue price, reflecting fees and hedging costs. All payments depend on Deutsche Bank’s creditworthiness, and the notes are subject to potential German and EU resolution measures, including write‑down or conversion into equity.
Deutsche Bank AG is issuing $6,214,000 of 5.00% fixed-rate callable Senior Debt Funding Notes due February 13, 2034. The notes pay 5.00% interest per year, calculated on a 30/360 basis and paid annually each February 13, starting in 2027.
Deutsche Bank may redeem the notes at its option at 100% of principal plus accrued interest on February 13 and August 13 each year from 2028 through 2033. The notes are unsecured, unsubordinated obligations, not insured deposits, and will not be listed on any exchange. They are subject to European “Resolution Measures,” meaning a competent authority can write down payments, convert the notes into equity or take other actions without this counting as an event of default, so investors could lose some or all of their investment. The issue price is $1,000 per note, with $10 in selling commissions and $990 in proceeds to Deutsche Bank, for total net proceeds of $6,168,180 used for general corporate purposes.
Deutsche Bank is issuing $2,000,000 of 5.60% fixed-rate callable senior debt funding notes due February 13, 2046. The notes pay 5.60% interest annually starting February 13, 2027 and may be redeemed at 100% of principal on semiannual call dates from February 13, 2028 to August 13, 2045.
The offering price is $1,000 per note, with $27,000 in selling commissions, resulting in net proceeds of $1,973,000 to Deutsche Bank for general corporate purposes. The notes are unsecured, unsubordinated "senior preferred" obligations, not insured by the FDIC and not listed on any exchange.
A key risk is that under European bank resolution rules the notes may be written down or converted into equity through a Resolution Measure if Deutsche Bank is deemed non-viable, without this constituting an event of default, so investors could lose some or all of their investment and have limited acceleration and enforcement rights.
Deutsche Bank AG is offering $1,000,000 of 5.60% Fixed Rate Callable Senior Debt Funding Notes due February 13, 2056. The notes pay 5.60% annual interest on each February 13, starting February 13, 2027, using a 30/360 day count. Deutsche Bank may redeem them at its option at 100% of principal plus accrued interest on each February 13 and August 13 from February 13, 2031 through August 13, 2055, subject to regulatory approval.
The notes are unsecured, unsubordinated “senior preferred” obligations with no listing and limited events of default. Under EU bank resolution rules, a Resolution Measure can write down payments to zero, convert the notes into equity of Deutsche Bank or a group entity, or amend or cancel the notes, without constituting a default, so investors could lose some or all of their investment. The price to the public is $1,000 per note; after $21.50 per note in selling compensation, Deutsche Bank expects net proceeds of $978.50 per note, or $978,500 in total, for general corporate purposes.
Deutsche Bank AG is issuing $2,000,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due February 13, 2039. The notes pay 5.50% interest per year, on each February 13, starting in 2027, using a 30/360 day-count convention.
The notes are unsecured, unsubordinated “senior preferred” obligations that rank ahead of the bank’s senior non‑preferred debt but behind certain protected deposits. Deutsche Bank can redeem them at 100% of principal plus accrued interest on semi‑annual call dates from February 13, 2028 through August 13, 2038, subject to regulatory approval.
A key feature is exposure to European “Resolution Measures” under the BRRD and German law. If the bank is deemed non‑viable, authorities may write down payments on the notes, convert them into equity, transfer or amend them, without this being an event of default. Holders have limited acceleration and enforcement rights and could lose some or all of their investment. The notes are not FDIC‑insured, will not be listed on an exchange, and net proceeds of $1,983,000 will be used for general corporate purposes.
Deutsche Bank AG is offering $6,574,000 of 5.15% Fixed Rate Callable Senior Debt Funding Notes due February 13, 2036. The notes pay 5.15% annual interest on February 13 of each year, starting in 2027, using a 30/360 day count.
Deutsche Bank may redeem the notes at its option at 100% of principal plus accrued interest on February 13 and August 13, beginning in 2030 and ending in 2035. The notes are unsecured, unsubordinated “senior preferred” obligations and will not be listed on any securities exchange.
These notes are subject to European “Resolution Measures,” including potential write-down or conversion to equity if Deutsche Bank is deemed non‑viable, which means investors could lose some or all of their investment without this being an event of default. Net proceeds of about $6.52 million will be used for general corporate purposes.
Deutsche Bank AG is issuing $2,000,000 of 5.25% Fixed Rate Callable Senior Debt Funding Notes due February 13, 2036. The notes pay 5.25% per year, with interest paid annually each February 13 starting in 2027.
The notes are callable at Deutsche Bank’s option at 100% of principal plus accrued interest on February 13 and August 13 each year from 2028 through 2035, subject to regulatory approval. They are unsecured, unsubordinated obligations ranking ahead of the bank’s senior non-preferred debt but behind certain deposits and other higher-ranking liabilities.
Resolution authorities in the EU may impose “Resolution Measures,” including writing down payments on the notes, converting them into equity, transferring or amending them, without this constituting an event of default. Holders have limited enforcement and no payment-acceleration rights for non-payment caused by a Resolution Measure and may lose some or all of their investment.
The notes are offered at $1,000 per note. Per note, the price to the public is $1,000, selling concessions and commissions are $8.50, and proceeds to Deutsche Bank are $991.50. On the $2,000,000 total, underwriting discounts are $17,000 and net proceeds are $1,983,000, to be used for general corporate purposes.
Deutsche Bank is offering $1,863,000 of 5.50% fixed rate callable Senior Debt Funding Notes due February 13, 2051. The notes pay 5.50% interest per year, with payments made each February 13 from 2027 until maturity or earlier redemption.
Deutsche Bank may redeem the notes in whole, but not in part, on February 13 and August 13 of each year from 2036 to 2050 at 100% of principal plus accrued interest, subject to regulatory approval. The offering price is $1,000 per note, with $22.50 per note in selling commissions and $977.50 per note in proceeds to Deutsche Bank. The notes are unsecured, not FDIC-insured, not listed on any exchange, and are subject to EU “Resolution Measures,” meaning a resolution authority can write down payments or convert the notes into equity, so investors could lose some or all of their investment.
Deutsche Bank AG is offering $4,102,000 of 4.50% Fixed Rate Callable Senior Debt Funding Notes due February 13, 2031 at 100% of principal. The notes pay fixed interest of 4.50% per annum, with payments made annually each February 13 from 2027 until maturity or earlier redemption.
Deutsche Bank may redeem the notes in whole, but not in part, at 100% of principal plus accrued interest on any February 13 or August 13 from 2027 through August 13, 2030, subject to regulatory approval. The notes are unsecured, unsubordinated “senior preferred” obligations, not insured deposits, and will not be listed on any securities exchange.
Under EU bank resolution rules, the notes are subject to potential “Resolution Measures,” including being written down or converted into equity if Deutsche Bank is deemed non‑viable, so investors could lose some or all of their investment without this constituting an event of default. Net proceeds of approximately $4,082,541 will be used for general corporate purposes.
Deutsche Bank AG is offering fixed rate callable senior debt notes due February 27, 2036. The notes pay 5.20% interest per year, calculated on a 30/360 basis and paid annually each February 27, starting in 2027.
Deutsche Bank may redeem the notes at its option at 100% of principal plus accrued interest on semi-annual call dates every February 27 and August 27 from 2028 through 2035, subject to regulatory approval. The notes are unsecured, unsubordinated Senior Debt Funding Notes, Series E, issued in $1,000 denominations, will not be listed on any exchange, and are not insured by the FDIC or any government agency.
Under European “Resolution Measure” and bail-in rules, the notes can be written down, cancelled, or converted into equity if the bank is deemed non-viable, and such action would not constitute an event of default. Investors have limited enforcement and no acceleration rights for payment defaults tied to a Resolution Measure and may lose some or all of their investment.