Deutsche Bank AG is issuing $7,274,000 of 5.00% Fixed Rate Callable Senior Debt Funding Notes due December 14, 2035. The notes pay 5.00% interest per year on each December 16 from 2026 through 2034 and at maturity, using a 30/360 day count.
Deutsche Bank may redeem the notes at its option at 100% of principal plus accrued interest on June 16 and December 16, starting December 16, 2029 and ending June 16, 2035, subject to regulatory approval. The notes are unsecured, unsubordinated “senior preferred” obligations ranking ahead of the bank’s senior non-preferred debt but behind certain protected deposits and other higher-ranking liabilities.
Investors are deemed to consent to EU “Resolution Measures,” including potential write-down of payments or conversion of the notes into equity, which could cause a partial or total loss. There is no right to accelerate repayment for payment defaults, and remedies are limited. The notes are offered in $1,000 denominations, will not be listed on any exchange, are not FDIC-insured, and provide net proceeds of $7,162,157 for general corporate purposes.
Deutsche Bank AG is issuing $5,114,000 of 5.70% Fixed Rate Callable Senior Debt Funding Notes due December 16, 2050. The notes pay fixed interest of 5.70% per annum on a 30/360 basis, with payments made annually each December 16 starting in 2026.
The notes are callable at Deutsche Bank’s option, in whole but not in part, at 100% of principal plus accrued interest on each June 16 and December 16 from December 16, 2027 through June 16, 2050, subject to regulatory approval. They 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.
Investors expressly consent to EU “Resolution Measures,” meaning a resolution authority may write down payments on the notes, convert them into equity, amend their terms, transfer them or cancel them, without this being an event of default. Holders have limited enforcement and no right to accelerate the notes for payment defaults. The issue price is $1,000 per note, with a $18 underwriting discount and $982 in proceeds per note, and net proceeds will be used for general corporate purposes.
Deutsche Bank AG is offering 5.30% Fixed Rate Callable Senior Debt Funding Notes due December 31, 2035. The notes are issued at 100% of their $1,000 principal amount and pay interest at 5.30% per annum, with payments made once a year each December starting December 31, 2026.
Deutsche Bank may redeem the notes early, in whole but not in part, at 100% of principal plus accrued interest on semiannual optional redemption dates from December 31, 2027 through June 30, 2035, subject to regulatory approval. The notes are unsecured, unsubordinated obligations that rank ahead of the bank’s senior non-preferred debt but behind certain deposits and other higher-ranking liabilities.
Holders accept that, under EU bank resolution rules, a Resolution Measure could write down payments on the notes or convert them into equity, and such action would not constitute an event of default. There is no right to accelerate the notes for payment or covenant defaults, and investors may lose some or all of their investment in a resolution or insolvency. The notes are not insured, will not be listed on any exchange, and net proceeds will be used for general corporate purposes.
Deutsche Bank AG is offering unsecured, unsubordinated senior debt funding notes paying a fixed 4.65% annual coupon, with interest paid semi-annually each June 12 and December 12 starting in 2026. The notes mature on December 12, 2030 but may be redeemed at Deutsche Bank’s option at par plus accrued interest on quarterly call dates from December 12, 2027 to September 12, 2030, subject to regulatory approval.
The notes rank as “senior preferred” unsecured obligations, ahead of the bank’s senior non-preferred debt but behind certain deposits. They are not insured by the FDIC or any government agency and will not be listed on any securities exchange. Investors explicitly consent to potential EU bail-in resolution measures, which can write down payments to zero, convert the notes into equity, amend terms, or cancel the notes, without constituting an event of default. Holders have very limited acceleration rights and may permanently lose some or all of their investment if resolution or insolvency measures are imposed.
The notes are issued in $1,000 minimum denominations at 100% of principal, with selling concessions of $5 per $1,000 and net proceeds to Deutsche Bank used for general corporate purposes.
Deutsche Bank AG, acting through its New York branch, is issuing $1,000,000,000 of fixed-to-floating rate senior debt funding notes due December 10, 2031. The notes are priced at 100% of face value, pay 4.469% fixed interest semi-annually until December 10, 2030, then pay a quarterly floating rate equal to Compounded SOFR plus 1.10%, with interest never below zero.
The notes are unsecured, unsubordinated “senior preferred” obligations that are not deposits and are not insured by the FDIC or any government agency. They can be redeemed at the issuer’s option at par plus accrued interest on December 10, 2030, and earlier in a cleanup call if 25% or less of the original issue remains outstanding, in each case only with prior approval from the resolution authority.
Because the notes are subject to European bank resolution rules, regulators can write down payments, convert the notes into equity, transfer them or amend their terms if the bank is considered non-viable, without this counting as a default and with limited investor enforcement rights. Net proceeds of about $997 million, after $3 million of selling commissions, will be used for general corporate purposes.
Deutsche Bank AG is offering 4.55% Fixed Rate Callable Senior Debt Funding Notes due December 16, 2032. The notes pay fixed interest of 4.55% per annum, calculated on a 30/360 basis and paid annually each December 16, starting in 2026, until maturity or earlier redemption.
The notes are unsecured, unsubordinated "senior preferred" obligations that rank ahead of Deutsche Bank’s senior non-preferred debt but behind certain deposits and other higher-ranking liabilities in insolvency. They are callable at the issuer’s option at 100% of principal plus accrued interest on each June 16 and December 16 from 2027 through June 16, 2032, subject to regulatory approval.
Holders are expressly subject to European bank resolution powers. A competent resolution authority may impose “Resolution Measures,” including writing down payments (possibly to zero), converting the notes into equity of Deutsche Bank or another entity, amending terms, transferring, or canceling the notes. Such measures do not constitute an event of default, and investors would have limited rights to challenge them or accelerate the notes, meaning they could lose some or all of their investment.
Deutsche Bank AG is offering $4,200,000 of 5.30% Fixed Rate Callable Senior Debt Funding Notes due November 28, 2035. The notes pay fixed interest of 5.30% per annum, calculated on a 30/360 basis and paid each November 28, starting in 2026. Deutsche Bank may redeem the notes at its sole discretion at 100% of principal plus accrued interest on semiannual call dates every May 28 and November 28 from November 28, 2026 through May 28, 2035.
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 senior liabilities. Investors explicitly consent to potential “Resolution Measures,” including write‑down or conversion into equity if regulators deem the bank non‑viable, and such actions will not constitute an event of default.
The offering price is $1,000 per note, with an underwriting discount of $5.50 per note, resulting in net proceeds of $4,185,700 to Deutsche Bank, to be used for general corporate purposes. The notes are not FDIC‑insured, have limited events of default and no acceleration rights for payment defaults, and will not be listed on any securities exchange.
Deutsche Bank AG is offering $4,553,810 of Trigger Autocallable GEARS, unsecured senior preferred notes linked to an unequally weighted equity index basket. Each Security has a $10 Face Amount and a term of approximately five years, maturing on November 27, 2030, unless automatically called earlier.
If on the December 2, 2026 Observation Date the Basket Closing Value is at or above the Autocall Barrier of 100, the notes are automatically called and investors receive a fixed Call Price of $11.40 per Security, reflecting a 14.00% Call Return, with no further upside participation.
If not called, and the Basket Return is positive at maturity, investors receive $10 plus the Basket Return multiplied by the 1.65 Upside Gearing. If the Basket Return is zero or negative but the Final Basket Value is at or above the Downside Threshold of 75, investors receive only the $10 principal. If the Final Basket Value is below 75, repayment is reduced one-for-one with the negative Basket Return, exposing investors to significant losses, up to a complete loss of principal.
The underlying 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 Issuer’s estimated value is $9.538 per $10 Face Amount, below the issue price, reflecting dealer compensation and hedging costs. Payments depend on Deutsche Bank AG’s credit and the notes may be written down or converted under European “Resolution Measure” rules.
Deutsche Bank AG is offering $1,000,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due November 28, 2040. The notes pay fixed interest of 5.50% per year, with payments made annually each November 28, starting in 2026, on a 30/360 day-count basis.
Deutsche Bank may redeem the notes early, in whole but not in part, at 100% of principal plus accrued interest on semi-annual call dates every May 28 and November 28 from November 28, 2026 through May 28, 2040, subject to regulatory approval. The notes are unsecured, unsubordinated "senior preferred" obligations ranking ahead of the bank’s senior non‑preferred debt but behind certain deposits.
The notes are subject to European bank resolution rules. A resolution authority may write down payments to zero, convert the notes into equity, or transfer, amend or cancel them, and such actions would not be an event of default. There is no deposit insurance, limited rights to accelerate, potential for significant price declines before maturity, and investors may lose some or all of their investment.
Deutsche Bank AG is issuing $2,000,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due November 28, 2037. The notes pay 5.50% interest per year, with payments made annually on November 28, starting November 28, 2026, on a 30/360 day count basis.
Deutsche Bank may redeem the notes at its discretion in whole, but not in part, at 100% of principal plus accrued interest on each May 28 and November 28 from November 28, 2026 through May 28, 2037, 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 protected deposits and other higher-ranking liabilities.
These notes are subject to European “Resolution Measures,” including potential write-down of payments or conversion into equity if the bank is deemed non-viable, which could result in losing some or all of the investment. There is no right of acceleration for missed payments, and early redemption or termination requires prior approval of the resolution authority. The notes are offered at 100% of principal, with per-note proceeds of $996.00 to Deutsche Bank for general corporate purposes, will not be listed on any exchange, and are not insured by any governmental agency.