Deutsche Bank AG is offering $1,679,000 of 5.75% fixed rate callable Senior Debt Funding Notes due January 30, 2051. The notes pay 5.75% per year, with interest paid annually each January 30 starting in 2027, using a 30/360 day count.
Deutsche Bank may redeem the notes in whole at 100% of principal plus accrued interest on semi-annual optional redemption dates from January 30, 2028 through July 30, 2050, subject to regulatory approval. The notes are unsecured, unsubordinated “senior preferred” obligations, not deposits, and are not insured by the FDIC or any government agency.
Under European bank resolution rules, a Resolution Measure could write down payments on the notes, convert them into shares, amend terms, or cancel them entirely, without this being an event of default, so holders could lose some or all of their investment. The notes are not listed on any exchange, are intended for institutional markets (with EEA/UK retail sales prohibited), and net proceeds of approximately $1,668,247 before hedging will be used for general corporate purposes.
Deutsche Bank is offering $3,500,000 of 5.10% fixed rate callable Senior Debt Funding Notes due January 30, 2036. The notes pay 5.10% interest per year, with payments each January 30 starting in 2027, and may be redeemed at par by the bank from January 30, 2030, on semi-annual call dates, subject to regulatory approval.
The notes are unsecured, unsubordinated obligations that rank ahead of Deutsche Bank’s senior non-preferred debt but behind certain protected deposits. They are subject to European “resolution measures,” including bail-in, which can write down or convert the notes to equity, and investors have limited acceleration and enforcement rights. The notes are not FDIC-insured, are sold at $1,000 per note, and generate $3,456,000 in net proceeds for general corporate purposes.
Deutsche Bank AG is offering $17,004,790 of Trigger Autocallable GEARS linked to the Russell 2000® Index, maturing on January 30, 2031. These unsecured senior preferred notes pay no interest or dividends and depend entirely on index performance and the bank’s credit.
The notes may be automatically called on February 4, 2027 if the index is at or above 2,653.546, paying $11.10 per $10 note (an 11.00% Call Return), with no further upside. If not called and the index is above its initial level at final valuation, maturity payment equals $10 plus the index return times 1.45 Upside Gearing.
If the index is flat or down but at or above the 1,990.160 Downside Threshold (75% of the initial level), investors receive back the $10 Face Amount. If the index closes below this threshold at final valuation, repayment is reduced one-for-one with the negative index return, up to a total loss of principal. The issuer’s estimated value is $9.733 per $10, reflecting fees, hedging costs and an internal funding rate, and the securities can be written down or converted into equity under European “Resolution Measures,” creating additional loss risk.
Deutsche Bank is offering $3,000,000 of 4.55% fixed rate callable senior debt funding notes due January 30, 2031. The notes pay 4.55% interest per year, on January 30 of each year starting in 2027, on a 30/360 day-count basis.
Deutsche Bank may, in its sole discretion and subject to regulatory approval, redeem the notes in whole at 100% of principal plus accrued interest on semiannual optional redemption dates from January 30, 2027 through July 30, 2030. The notes are unsecured, unsubordinated obligations and are not insured or guaranteed by the FDIC or any government agency.
Investors are deemed to consent to potential European “Resolution Measures,” including bail-in powers that can write down payments to zero, convert the notes into equity or transfer or amend them. In an insolvency or resolution scenario, investors may lose some or all of their principal and interest. Net proceeds of approximately $2,987,000 will be used for general corporate purposes.
Deutsche Bank AG is offering fixed rate callable senior debt funding notes with a 5.60% annual coupon, priced at 100% of principal and maturing on February 13, 2056. Interest is paid annually each February 13, starting in 2027, using a 30/360 day count.
The notes are unsecured, unsubordinated “senior preferred” obligations, not deposits and not FDIC insured. Deutsche Bank may redeem them at 100% of principal plus accrued interest on semiannual call dates beginning February 13, 2031. Investors explicitly accept EU “Resolution Measures,” including potential write-down or conversion to equity, meaning holders can lose some or all principal and interest without a traditional event of default.
Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due February 13, 2051. The notes are issued at 100% of principal, in minimum denominations of $1,000, with investors paying $1,000 per note and Deutsche Bank receiving net proceeds of $950 per note after underwriting discounts.
The notes pay 5.50% annual interest, calculated on a 30/360 basis and paid each February 13, starting in 2027 until maturity or earlier redemption. Deutsche Bank may, in its sole discretion and subject to regulatory approval, redeem the notes in whole (but not in part) at par plus accrued interest on any February 13 or August 13 from February 13, 2036 through August 13, 2050.
The notes are unsecured, unsubordinated “senior preferred” obligations that rank ahead of Deutsche Bank’s senior non-preferred instruments but behind certain deposits and other higher-ranking liabilities in an insolvency or resolution. They are not bank deposits and are not insured by the FDIC or any governmental agency, and they will not be listed on any securities exchange.
A key feature is exposure to European “Resolution Measures” under the BRRD and German law. If Deutsche Bank is deemed non-viable, a resolution authority may write down payments on the notes (including to zero), convert them into equity of Deutsche Bank, a group entity or bridge bank, or alter or cancel the notes. Investors are deemed to consent to these Resolution Measures, which are not events of default, and may lose some or all of their investment with no acceleration rights for missed payments caused by such measures.
Deutsche Bank AG is offering unsecured, unsubordinated Senior Debt Funding Notes paying a fixed 5.15% annual coupon, due February 13, 2036, in $1,000 denominations at 100% of principal.
The notes are callable at the bank’s option at par plus accrued interest on each February 13 and August 13 from February 13, 2030 through August 13, 2035, subject to regulatory approval, and will not be listed on any exchange. Investors are exposed to European “Resolution Measures” (bail-in), meaning a resolution authority may write down payments, convert the notes into equity, amend terms, or cancel the notes, which can result in losing some or all of the investment.
Per note, the price to the public is $1,000, selling concessions total $40, and net proceeds to Deutsche Bank are $960, to be used for general corporate purposes. The notes rank as senior preferred debt above the bank’s senior non‑preferred instruments but remain unsecured and are not insured by any government agency.
Deutsche Bank AG is offering 4.50% fixed-rate senior unsecured notes due February 13, 2031. The notes pay interest annually in arrears each February 13, starting February 13, 2027, using a 30/360 day-count convention, and may be redeemed at par on semi-annual optional redemption dates from February 13, 2027 to August 13, 2030, together with accrued interest, subject to regulatory approval.
Each note has a $1,000 Issue Price, with a $30 per-note selling concession, resulting in $970 in proceeds per note to Deutsche Bank before expenses. The notes are unsecured, unsubordinated “senior preferred” obligations that rank ahead of the bank’s senior non-preferred debt but behind certain deposits. They are subject to European “Resolution Measures,” including potential write-down to zero or conversion into equity if Deutsche Bank is deemed non-viable, and such measures would not constitute an event of default. Investors have limited acceleration rights and must generally hold to maturity to ensure principal repayment. The notes are not FDIC-insured, will not be listed on any exchange, are intended as eligible liabilities for regulatory purposes, and are restricted from sale to retail investors in the EEA and UK.
Deutsche Bank AG reported record 2025 results, with profit before tax of € 9.7 billion, up 84% year on year, and net profit of € 7.1 billion, roughly double 2024. Net revenues rose 7% to € 32.1 billion, while the cost/income ratio improved to 64%.
Post-tax return on tangible equity reached 10.3%, meeting the bank’s target of above 10%. All four core businesses delivered double‑digit profit growth and post‑tax RoTE above 10%. Noninterest expenses fell 10% to € 20.7 billion, driven by an 86% reduction in nonoperating costs.
Management plans capital distributions of € 2.9 billion in respect of 2025, including a proposed dividend of € 1.00 per share (€ 1.9 billion) and € 1 billion in share buybacks, bringing cumulative distributions for 2021‑2025 to € 8.5 billion. The CET1 capital ratio rose to 14.2%, and the Liquidity Coverage Ratio stood at 144%.
Deutsche Bank AG is issuing $21,200,000 of 5.00% Fixed Rate Callable Senior Debt Funding Notes due July 29, 2035. Investors receive 5.00% annual interest, paid each January 29 from 2027 through 2035 and at maturity, using a 30/360 day-count convention.
The notes are callable at Deutsche Bank’s option at 100% of principal plus accrued interest on each January 29 and July 29 from July 29, 2027 to January 29, 2035. They are unsecured, unsubordinated “senior preferred” obligations that rank ahead of the bank’s senior non‑preferred debt but below certain deposits.
Resolution powers under EU and German law allow regulators to write down payments on the notes, convert them into equity, or transfer or amend them if Deutsche Bank is deemed non‑viable, meaning investors could lose some or all of their investment without this being an event of default. There is no right to accelerate the notes for non‑payment; insolvency proceedings are the sole event of default. The notes will not be listed, and net proceeds of about $20.7 million, after $496,750 in underwriting discounts and commissions, will be used for general corporate purposes.