Deutsche Bank AG priced $3,557,000 of 4.60% Fixed Rate Callable Senior Debt Funding Notes due October 15, 2032. The notes pay 4.60% per annum on an unadjusted 30/360 basis, with interest paid annually each October 16 from 2026 through 2031, and at maturity.
The issuer may redeem the notes at 100% of principal, plus accrued interest, in whole (not in part) on the 16th calendar day of April and October, beginning April 16, 2027 and ending April 16, 2032, subject to regulatory approval. Issue price is 100% per note; underwriting discounts are $16.50 per note. Total proceeds to the issuer are $3,506,594, after $50,406 in discounts and commissions. The notes are unsecured, unsubordinated, not FDIC‑insured, and not listed on any exchange.
The notes are subject to EU resolution powers; a Resolution Measure could write down payments or convert the notes into equity, and would not constitute an event of default. Deutsche Bank Securities Inc., an affiliate, acts as agent, with FINRA Rule 5121 conflict‑of‑interest provisions applicable. Use of proceeds is for general corporate purposes.
Deutsche Bank AG is offering $7,465,000 of 5.00% Fixed Rate Callable Senior Debt Funding Notes due October 16, 2035. The notes pay interest annually in arrears each October 16, starting October 16, 2026, using an unadjusted 30/360 day count.
The issuer may redeem the notes, in whole but not in part, at 100% of principal plus accrued interest on April 16 and October 16 of each year from October 16, 2029 through April 16, 2035, in its sole discretion, by giving at least 5 business days’ notice, subject to regulatory approval.
The issue price is $1,000 per note. Underwriting discounts are $11.00 per note, with proceeds to the issuer of $989.00 per note, for total proceeds of $7,413,675 and total discounts of $51,325. The notes are unsecured, unsubordinated obligations (senior preferred rank) and are not FDIC insured or exchange‑listed.
Under EU bank resolution rules (BRRD/SRM), a Resolution Measure may be imposed, including write‑down to zero or conversion to equity; such measures would not constitute an event of default. Enforcement and acceleration rights are limited, and any early redemption requires prior approval of the competent resolution authority. Use of proceeds: general corporate purposes.
Deutsche Bank AG is offering $12,000,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due October 16, 2045. The notes pay 5.50% per annum, with interest paid annually on October 16, starting October 16, 2026. The issuer may redeem the notes in whole, but not in part, at 100% of principal plus accrued interest on April 16 and October 16 of each year from October 16, 2028 to April 16, 2045, subject to regulatory approval and at least 5 business days’ notice.
The price to the public is $1,000 per note, with underwriting discounts of $25 per note, resulting in proceeds to the issuer of $975 per note. Total proceeds before expenses are $11,700,000, to be used for general corporate purposes. These unsecured, unsubordinated obligations are subject to potential EU bank resolution measures, including write-down or conversion (“bail-in”), and are not insured by the FDIC. The notes are not listed and provide limited acceleration rights; an insolvency proceeding is the sole event of default.
Deutsche Bank states it applies hedge accounting under the EU carve-out to limit accounting exposure to both rises and falls in interest rates across tenor buckets, which it says reduces volatility of reported Treasury revenue. The bank's financial targets and capital objectives are based on results prepared under EU IFRS, and Exhibit 99.1 presents EU IFRS financial information.
For U.S. reporting, Deutsche Bank also prepares certain reports under IASB IFRS, which does not permit the EU carve-out; the impact of that difference is described in Note 1 to the consolidated financial statements of the 2024 Form 20-F. This Form 6-K incorporates by reference Registration Statement No. 333-278331 and includes Exhibit 99.1 (EU IFRS key updates for 3Q 2025) and Exhibit 99.2 (English translation of Articles of Association).