Deutsche Bank AG is offering 4.30% Fixed Rate Callable Senior Debt Funding Notes due February 6, 2030. Each note has a $1,000 principal amount and is sold at 100% of face value, with initial discounts and commissions of $30 per note, resulting in $970 in proceeds to the bank per note.
The notes pay 4.30% annual interest, calculated on a 30/360 basis and paid each February 6, starting in 2027 until maturity or earlier redemption. Deutsche Bank may, in its sole discretion and subject to regulatory approval, redeem all (but not part) of the notes at 100% of principal plus accrued interest on semi-annual call dates every February 6 and August 6 from August 6, 2027 through August 6, 2029.
The notes are unsecured, unsubordinated obligations that rank ahead of the bank’s senior non-preferred debt but behind certain protected deposits. Under European “Resolution Measures,” regulators may write down payments on the notes, convert them into equity, or modify or cancel them if the bank is deemed non‑viable, and such actions would not constitute an event of default. The notes are not FDIC-insured, will not be listed on an exchange, and are intended only for non‑retail investors in the EEA and UK.
Deutsche Bank AG is issuing $4,324,000 of 5.50% fixed rate callable Senior Debt Funding Notes due January 23, 2051. The notes pay interest annually in arrears every January 23, starting January 23, 2027, on a 30/360 day-count basis.
Deutsche Bank may redeem the notes in whole, but not in part, at 100% of principal plus accrued interest on semiannual optional redemption dates every January 23 and July 23 from January 23, 2030 through July 23, 2050, subject to regulatory approval. The notes are unsecured, unsubordinated "senior preferred" obligations that rank ahead of the bank’s senior non-preferred debt but behind certain deposits and other highly ranked liabilities.
Under EU bank resolution rules, the notes may be subject to "Resolution Measures," including being written down, cancelled, or converted into equity, without this constituting an event of default. Investors can lose some or all of their investment and have limited rights to accelerate or challenge such measures. The notes are not insured deposits, will not be listed on an exchange, and proceeds will be used for general corporate purposes.
Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due February 11, 2041. The notes pay 5.50% per annum, with interest paid annually in arrears each February 11, starting in 2027, on a 30/360 day-count basis. They are issued in $1,000 denominations at 100% of principal, with the agent receiving $40 per $1,000 and Deutsche Bank receiving $960 in proceeds per note.
The notes are unsecured, unsubordinated "senior preferred" obligations that rank ahead of the bank’s senior non-preferred debt but behind certain deposits and other higher-ranking liabilities. Deutsche Bank may, subject to regulatory approval, redeem the notes in whole at 100% of principal plus accrued interest on semiannual call dates every February 11 and August 11 from 2028 through August 11, 2040. The notes are not listed on any exchange and are not insured by the FDIC or any government agency.
A key risk is that the notes are fully subject to European bank Resolution Measures, including the “bail-in” tool. The competent resolution authority can write down payments (including to zero), convert the notes into equity, amend or cancel them, and such actions will not constitute an event of default. Holders waive claims against the trustee for actions taken to implement a Resolution Measure and have no right of acceleration for non-payment, meaning investors could permanently lose some or all of their investment. Net proceeds are for Deutsche Bank’s general corporate purposes, and the offering is restricted from retail investors in the EEA and UK.
Deutsche Bank AG is issuing $2,494,000 of 4.30% Fixed Rate Callable Senior Debt Funding Notes due January 23, 2031 at 100% of principal, with net proceeds of $2,464,578 after selling commissions. The notes pay 4.30% interest annually each January 23, starting in 2027, on a 30/360 basis.
The bank may redeem the notes in whole at par plus accrued interest on any January 23 or July 23 from 2027 through July 23, 2030, subject to regulatory approval. The notes are unsecured, unsubordinated “senior preferred” obligations, ranking ahead of the issuer’s senior non-preferred debt but behind covered deposits and certain other higher‑ranking liabilities.
Holders explicitly accept potential “Resolution Measures” under EU and German law, including write-down to zero or conversion into equity if the bank is deemed non‑viable, and such actions will not constitute an event of default. Investors have limited enforcement and no acceleration rights for payment defaults, and the notes are not insured, not listed on any exchange, and are offered primarily to non‑retail investors in the EEA and UK. Proceeds are for general corporate purposes.
Deutsche Bank AG is offering $100,000 of Trigger Autocallable Contingent Yield Notes linked to nearby-month WTI Light Sweet Crude Oil futures on CME, maturing on January 24, 2028. The Notes pay a 10.00% per annum Contingent Coupon (about $0.25 per $10 Note per quarter) only if, on each quarterly observation date, the WTI futures “Closing Value” is at or above a Coupon Barrier set at $45.26, which is 75% of the Initial Underlying Value of $60.34. If on any call observation date the Closing Value is at or above the Initial Underlying Value, the Notes are automatically called and repay face value plus that quarter’s coupon.
If the Notes are not called and, on the final valuation date, WTI futures are at or above the Downside Threshold of $45.26, investors receive the $10 face amount per Note plus the final coupon. If WTI finishes below the Downside Threshold, repayment is reduced dollar-for-dollar with the negative Underlying Return, down to zero, and no coupons are paid for periods when the barrier is not met. The Notes are unsecured senior preferred obligations of Deutsche Bank AG, subject to its credit risk and to EU “Resolution Measures,” including potential write-down or conversion to equity. The issuer’s estimated value is $9.775 per $10 Face Amount, below the $10 issue price, and the Notes will not be listed on any exchange.
Deutsche Bank AG is offering Trigger Autocallable Contingent Yield Notes linked to nearby month WTI Light Sweet Crude Oil futures traded on CME, with a Face Amount of $10 per Note and a term of approximately two years to on or about January 24, 2028. On each quarterly Coupon Observation Date, investors receive a Contingent Coupon only if the futures Closing Value is at or above a Coupon Barrier set at 75% of the Initial Underlying Value; otherwise no coupon is paid. If on any Call Observation Date the Closing Value is at least equal to the Initial Underlying Value, the Notes are automatically called and repay $10 per Note plus the applicable Contingent Coupon. If not called, and on the Final Valuation Date the futures level is at or above the 75% Downside Threshold, investors receive $10 per Note plus the final Contingent Coupon; if it is below that threshold, repayment is reduced in line with the negative Underlying Return, down to zero in a severe decline, so investors may lose all principal. The indicative Contingent Coupon Rate ranges from 5.00% to 11.00% per annum, the minimum investment is $1,000, the Notes will not be listed, and all payments are subject to Deutsche Bank’s credit and potential European “Resolution Measure” bail-in powers. The Issuer’s estimated value is approximately $9.54 to $9.825 per $10.00 Face Amount, below the Issue Price due to commissions, funding and hedging costs.
Deutsche Bank AG is issuing $7,747,000 of Senior Debt Funding Market Linked Notes linked to an unequally weighted equity index basket and maturing on January 21, 2031. Each Note has a $1,000 Face Amount and pays no coupons. At maturity, if the Basket Return is positive, holders receive $1,000 plus the Basket Return multiplied by the 113.25% Participation Rate. If the Basket Return is zero or negative, holders receive only the $1,000 Face Amount.
The Basket weights are 40% EURO STOXX 50, 25% Nikkei 225, 17.5% FTSE 100, 10% Swiss Market Index and 7.5% S&P/ASX 200. The Notes are unsecured senior preferred obligations intended to qualify as eligible liabilities and may be written down or converted into equity under European resolution rules, so investors could lose their entire investment. The Notes are sold at $1,000 with $35 in discounts and commissions per Note, for issuer proceeds of $965 per Note, and an estimated value on the trade date of $915.90 per $1,000, below the Issue Price. The Notes will not be listed on any securities exchange.
Deutsche Bank AG is offering Trigger Autocallable GEARS, unsecured senior preferred notes linked to the Russell 2000® Index, with a Face Amount of $10 per Security and term to about January 30, 2031. If on the February 4, 2027 Observation Date the index closes at or above the Autocall Barrier, equal to 100% of the Initial Underlying Value, the notes are automatically called and pay a fixed Call Price of $11.10 per Security, reflecting an 11.00% Call Return, with no further upside participation.
If not called and the index shows a positive Underlying Return at final valuation, investors receive $10 plus that return multiplied by an Upside Gearing between 1.36 and 1.56. If the index is flat or down but at or above a Downside Threshold set at 75% of the Initial Underlying Value, only principal is repaid. If the Final Underlying Value is below the Downside Threshold, repayment is reduced one-for-one with the index loss, up to a total loss of principal. The notes pay no interest or dividends, have an estimated value of $9.674 to $9.898 per $10 at pricing, will not be listed on an exchange, and all payments are subject to Deutsche Bank’s credit and EU bail-in style Resolution Measures.
Deutsche Bank AG is offering senior unsecured Market Linked Notes tied to the S&P 500® Index, maturing on or about February 1, 2033. Each Note has a $1,000 Face Amount and a 100% participation rate, with upside limited by a Maximum Gain set on the trade date in a range of 59.00% to 64.00%, implying a maximum payment of $1,590 to $1,640 per Note at maturity.
If the index return is positive, investors receive $1,000 plus the index return multiplied by the participation rate, capped at the Maximum Gain. If the index return is zero or negative, Deutsche Bank will repay only the $1,000 Face Amount at maturity, and investors earn no positive return. The Notes pay no periodic interest and will not be listed on any exchange.
The Issuer estimates the value of each Note on the trade date at approximately $921.80 to $943.30, below the $1,000 issue price, reflecting dealer compensation, funding costs and hedging. All payments are subject to Deutsche Bank AG’s credit and to potential EU “Resolution Measures”, including possible write-down or conversion to equity, meaning investors could lose some or all of their investment.
Deutsche Bank AG is issuing $1,699,000 of 5.50% fixed rate senior debt funding notes maturing on January 20, 2041. The notes pay interest annually each January 20, starting in 2027, at a 5.50% per annum rate using a 30/360 day count. Deutsche Bank may redeem them at its option at 100% of principal plus accrued interest on semi-annual call dates every January 20 and July 20 from 2027 through July 2040, subject to regulatory approval.
The notes are unsecured, unsubordinated "senior preferred" obligations that rank ahead of the bank’s senior non-preferred debt but behind certain deposits. Net proceeds of about $1,683,058 will be used for general corporate purposes. Investors consent to potential European bank “Resolution Measures,” including write-down or conversion to equity, which means some or all of the investment may be lost without this being an event of default. The notes will not be listed on any securities exchange.