Deutsche Bank AG 424B Filings

Deutsche Bank is offering 5.40% Fixed Rate Callable Senior Debt Funding Notes due June 12, 2036 in $1,000 minimum denominations at an issue price of $1,000.00 per note. Interest is paid annually on June 12 beginning June 12, 2027. Settlement is expected on or about June 12, 2026 following a trade date on or about June 10, 2026.

The notes are unsecured, unsubordinated senior debt funding securities that rank pari passu with other unsecured and unsubordinated obligations, are subject to European resolution powers (including write-down or conversion under applicable rules), are not listed, and are callable in whole semi-annually beginning June 12, 2030 at 100% of principal, subject to regulatory approval.

Deutsche Bank AG is issuing 6.00% Fixed Rate Callable Senior Debt Funding Notes due June 12, 2051. The notes have an Issue Price of $1,000 (100%), pay interest annually on June 12 beginning June 12, 2027, and mature on June 12, 2051. The issuer may redeem the notes in whole (not in part) on semi‑annual Optional Redemption Dates at 100% of principal, subject to regulatory approval and at least five business days' prior notice. The notes are unsecured, unsubordinated obligations, offered in minimum denominations of $1,000, will be issued in DTC book‑entry form, and will not be listed. The pricing supplement emphasizes that the notes are subject to applicable Resolution Measures (including write‑down or conversion) under EU/German resolution regimes, which may cause holders to lose some or all of their investment. Purchase proceeds will be used for general corporate purposes; DBSI, an affiliate, acts as agent and will receive distribution discounts/commissions.

Deutsche Bank AG is offering 5.25% Fixed Rate Callable Senior Debt Funding Notes due June 15, 2033. The notes have an Issue Price of $1,000 per note, pay interest annually at 5.25% per annum, and are callable semi‑annually at 100% of principal subject to regulatory approval.

The pricing supplement warns that the notes are unsecured, rank pari passu with other unsecured unsubordinated obligations, and are subject to European and German Resolution Measures (including write‑down or conversion). Price to public per note is $1,000 with discounts/commissions of $30 and proceeds to Deutsche Bank of $970 per note.

Deutsche Bank AG is offering 5.05% Fixed Rate Callable Senior Debt Funding Notes due June 12, 2031 in minimum denominations of $1,000 with an Issue Price of 100.00%. Interest is paid annually on June 12, commencing June 12, 2027. The notes are callable in whole on semi-annual Optional Redemption Dates at 100% of principal, subject to regulatory approval. Proceeds are for general corporate purposes. The notes are unsecured, unsubordinated senior debt that may be subject to Resolution Measures (including write-down or conversion) under applicable EU/German resolution regimes; holders would have limited remedies if such measures are imposed.

Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the Russell 2000® Index. The securities have a $10 Face Amount and a Call Return of 12.00% (Call Price $11.20). Key dates include Trade Date: May 27, 2026, Settlement Date: May 29, 2026, Observation Date: June 3, 2027, Final Valuation Date: May 27, 2031, and Maturity Date: May 29, 2031.

If the Closing Value on the Observation Date is at or above the Autocall Barrier (100% of the Initial Underlying Value), the securities are automatically called and investors receive the Call Price. If not called, positive Underlying Returns are amplified by the Upside Gearing (set on the Trade Date, range 1.485 to 1.685); if the Final Underlying Value is below the Downside Threshold (75% of Initial Underlying Value) investors suffer full downside exposure. The issuer estimates a value of approximately $9.729 to $9.957 per $10 Face Amount on the Trade Date; the price to public is $10.00 (discounts/commissions $0.25).

Deutsche Bank AG is offering $11,948,350 of Trigger Autocallable GEARS linked to an unequally weighted basket, maturing May 15, 2031. The securities have a $10 Face Amount, an Autocall feature with a 14.00% Call Return (Call Price $11.40) and an Upside Gearing of 1.75. If not called, payoff at maturity depends on the Basket Return: positive returns receive upside gearing, returns between the Initial Basket Value and the Downside Threshold (75.00) return principal, and below the Downside Threshold result in full downside exposure and potential loss of most or all principal. Payments are unsecured obligations of Deutsche Bank AG and subject to the issuer's credit and possible Resolution Measures.

Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the S&P 500® Index with total initial proceeds of $7,867,150. The securities have a $10 Face Amount per unit, a 9.00% Call Return (Call Price $10.90) and mature on May 15, 2031, unless automatically called earlier on the Observation Date. If the Closing Value of the Underlying on the Observation Date is at or above the Autocall Barrier (equal to the Initial Underlying Value of 7,444.25), the securities are automatically called and pay the Call Price. If not called, positive Underlying Returns at maturity pay upside exposure using an Upside Gearing of 1.455; if the Final Underlying Value is below the Downside Threshold (5,583.19, 75% of the Initial Underlying Value) you bear full downside and may lose a significant portion or all of your investment. Payments are unsecured obligations of Deutsche Bank AG and subject to the issuer’s credit and any applicable Resolution Measure.

Deutsche Bank AG is offering $2,700,000 aggregate principal of 6.00% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2046. The notes are issued at 100.00% of principal with a $1,000 minimum denomination and pay interest annually on each May 14 commencing May 14, 2027. Deutsche Bank may redeem the notes in whole on specified semiannual Optional Redemption Dates at 100% of principal, subject to regulatory approval. The offering is not listed and the notes are unsecured, unsubordinated obligations that are subject to applicable resolution regimes, which permit write-downs or conversion into equity (so-called Resolution Measures). Settlement is expected May 14, 2026; net proceeds are for general corporate purposes.

Deutsche Bank AG is offering $4,985,000 of 4.90% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2031. The notes pay interest annually at 4.90%, have an Issue Price of $1,000.00 per note, and are callable in whole on specified semiannual optional redemption dates beginning May 14, 2027, subject to regulatory approval.

The offering is registered through a pricing supplement and prospectus; net proceeds are for general corporate purposes. Holders consent to possible Resolution Measures (including write-down or conversion) under applicable EU/German resolution regimes.

Deutsche Bank is offering $2,605,000 of 5.10% Fixed Rate Callable Senior Debt Funding Notes due November 14, 2033. The notes pay interest semi‑annually and were priced at $1,000 per note (100.00%) with proceeds to the issuer of $2,575,030. The notes are callable in whole (not in part) on semi‑annual Optional Redemption Dates beginning May 14, 2028 at 100% of principal, subject to regulatory approval and at least five business days’ notice. The offering is unlisted, issued in minimum denominations of $1,000, and is subject to statutory Resolution Measures (including write‑down or conversion) under applicable EU/German resolution regimes.

The notes are unsecured, rank pari passu with other unsecured unsubordinated obligations (subject to specific statutory ranking rules), and include limited events of default. Initial settlement was on May 14, 2026 with trade date May 12, 2026. Cash‑flow treatment, statutory resolution powers and investor consent to Resolution Measures are disclosed explicitly in the pricing supplement.

Deutsche Bank is offering $4,515,000 of 5.00% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2032 at an Issue Price of $1,000.00 per note (100%). Interest is paid annually at 5.00% on each May 14 commencing on May 14, 2027. The notes are callable semi‑annually on specified Optional Redemption Dates at 100% of principal, subject to regulatory approval. Trade date is May 12, 2026, settlement on May 14, 2026, and maturity on May 14, 2032. Price to public per note is $1,000.00; proceeds to the issuer total $4,473,578.00 after discounts and commissions. The notes are unsecured unsubordinated obligations, governed by New York law with ranking provisions tied to German law and subject to Resolution Measures (including write‑down or conversion) under applicable EU/German resolution regimes.

Deutsche Bank AG is offering $3,683,000 of 5.30% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2036. The notes pay interest annually and were issued at 100.00% of principal with proceeds to the issuer shown as $3,622,023.00.

The notes are unsecured, unsubordinated senior debt issued in minimum denominations of $1,000, not listed, and offered in book-entry form through DTC. Holders are subject to statutory Resolution Measures (including write-down or conversion) and related waiver provisions described in the pricing supplement.

Deutsche Bank AG is offering $2,500,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2036. The notes are issued at 100.00% of principal, pay interest annually on May 14 (first payment May 14, 2027), and are callable semi‑annually at 100% (subject to regulatory approval). Purchasers consent to possible Resolution Measures including write‑down or conversion if the bank is deemed non‑viable. Net proceeds are for general corporate purposes.

Deutsche Bank AG is offering 6.00% Fixed Rate Callable Senior Debt Funding Notes due May 29, 2046 at an issue price of 100.00%. The notes pay interest annually on May 29, commence May 29, 2027, and are callable semi‑annually beginning May 29, 2028 at 100% of principal subject to regulatory approval.

The notes are unsecured, unsubordinated obligations issued in minimum denominations of $1,000, represented in book‑entry form at DTC, settle on or about May 29, 2026, and are not listed. The offering includes underwriting discounts of $50.00 per $1,000 note. Holders are bound by Resolution Measure provisions that permit write‑downs or conversion into equity if a competent resolution authority imposes such measures.

Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due May 29, 2036. The notes have a 5.50% annual fixed coupon, an Issue Price of $1,000 per note, and pay interest annually on May 29, beginning May 29, 2027. The notes are callable in whole, at 100% of principal, on semi-annual Optional Redemption Dates beginning May 29, 2028, subject to regulatory approval.

The notes are unsecured, unsubordinated senior funding instruments governed by New York law (ranking provisions governed by German law) and may be subject to Resolution Measures including write-down or conversion into equity under applicable EU/German resolution regimes; holders waive certain enforcement rights if such measures occur.

Deutsche Bank AG is offering fixed-rate callable Senior Debt Funding Notes with a 5.40% annual coupon, issued at $1,000.00 per note and maturing on May 29, 2036. Interest is payable annually on May 29, starting May 29, 2027. The notes are callable, in whole but not in part, semi-annually beginning May 29, 2030, at 100% of principal subject to regulatory approval. Per the cover terms, the agent discount is $40.00 per note, producing proceeds to the issuer of $960.00 per note. The notes are unsecured, unsubordinated obligations and are subject to applicable European resolution regimes that permit write-down or conversion into equity ("Resolution Measures"), which could cause holders to lose some or all of their investment.

Deutsche Bank AG is offering 5.20% Fixed Rate Callable Senior Debt Funding Notes due May 27, 2033. The notes have an Issue Price of 100.00%, a Principal Amount of $1,000 per note and annual interest paid on specified Interest Payment Dates. The notes are callable, in whole but not in part, at 100% of Principal Amount on semi‑annual Optional Redemption Dates beginning November 29, 2027, subject to regulatory approval.

The offering is governed by New York law (ranking provisions governed by German law) and includes Resolution Measure provisions that permit write‑down or conversion if the competent resolution authority deems the issuer non‑viable. Net proceeds will be used for general corporate purposes.

Deutsche Bank AG is offering 5.00% Fixed Rate Callable Senior Debt Funding Notes due May 29, 2031. The notes are being offered at an Issue Price of 100.00% ($1,000 per note) with interest payable annually and a principal denomination of $1,000.

The notes are callable at 100% on semi-annual Optional Redemption Dates subject to regulatory approval and are subject to Resolution Measures (including write-down or conversion) under applicable EU/German resolution regimes. Settlement is expected on or about May 29, 2026, and net proceeds are for general corporate purposes.

Deutsche Bank AG offers $1,220,000 aggregate principal of 5.50% Fixed Rate Callable Senior Debt Funding Notes due May 7, 2041. Interest is 5.50% annually, paid each May 7 commencing May 7, 2027. Notes may be redeemed in whole at 100% on stated Optional Redemption Dates, subject to regulatory approval. Holders consent to applicable Resolution Measures including write-down or conversion if Deutsche Bank is deemed non-viable; such measures may cause loss of principal and are not events of default.

Deutsche Bank AG priced a U.S. dollar denominated senior debt funding note series. The notes pay 5.75% per annum interest, are callable by the issuer at 100% beginning May 29, 2029, have a maturity date of May 29, 2041 and are issued in minimum denominations of $1,000. The notes rank as unsecured, unsubordinated obligations and may be subject to statutory Resolution Measures (including write-down or conversion) under EU/German resolution regimes.

Deutsche Bank AG is offering Zero-Coupon Callable Senior Debt Funding Notes due May 5, 2046 at an Issue Price of 31.18% of principal ($311.80 per $1,000). The notes pay no periodic interest; the accretion is based on a stated Accrual Yield of 6.00% per annum. The notes settle on May 5, 2026 and mature on May 5, 2046. Deutsche Bank may redeem the entire issue on each May 5 from 2027 through 2045 at the then-applicable Accreted Value (examples shown in the Redemption Schedule), subject to at least five business days’ notice and regulatory approval. The offering table shows proceeds to the issuer of $304,790.00 (total) and underwriting discounts of $7,010.00.

The notes are unsecured, unsubordinated obligations and may be subject to Resolution Measures (including write-down or conversion into equity) under EU/German resolution regimes; holders consent to these provisions and could lose some or all of their investment if a Resolution Measure applies. The notes will not be listed and will be issued in book-entry form through DTC. Investors should consult the prospectus supplement for full risk factors and tax treatment.

Deutsche Bank AG is offering $2,000,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due April 30, 2036. The notes are issued at 100.00% of principal, pay interest annually on April 30 (30/360), and may be redeemed in whole at 100% on semiannual Optional Redemption Dates subject to regulatory approval. The notes rank as unsecured unsubordinated obligations and are subject to applicable Resolution Measures (including write-down or conversion) under EU and German resolution regimes; holders may lose some or all of their investment if such measures apply. Net proceeds will be used for general corporate purposes.

Deutsche Bank AG is offering Trigger Autocallable GEARS linked to the S&P 500® Index with an approximately five‑year term. The securities have a $10 face amount, a Call Return of 9.00% (Call Price $10.90) and an Upside Gearing set on the Trade Date (not less than 1.33). If the Closing Value of the Underlying on the Observation Date is at or above the Autocall Barrier (100% of the Initial Underlying Value), the securities will be automatically called and investors receive the Call Price. If not called, positive Underlying Returns are multiplied by the Upside Gearing at maturity; if the Final Underlying Value is below the Downside Threshold (75% of the Initial Underlying Value), investors bear full downside from the Initial Underlying Value and may lose a significant portion or all of their investment. All payments are subject to Deutsche Bank AG's credit and to European resolution measures described in the terms.

Deutsche Bank AG is offering Trigger Autocallable GEARS linked to an unequally weighted international equity basket. The securities have a $10 Face Amount, issue at 100% of Face Amount, a minimum investment of $1,000 (100 Securities), a Trade Date of May 13, 2026, and a Maturity Date of May 15, 2031. If the Basket Closing Value on the Observation Date (May 19, 2027) is at or above the Autocall Barrier (100.00), the notes will be automatically called for the Face Amount plus a 14.00% Call Return. If not called, positive Basket Returns are multiplied by an Upside Gearing set on the Trade Date (between 1.60 and 1.80) to calculate upside at maturity. Principal is contingently protected only if the Final Basket Value on May 13, 2031 is at or above the Downside Threshold (75.00); if below, holders suffer a loss equal to the negative Basket Return. Payments are unsecured obligations of Deutsche Bank AG and are subject to the issuer's credit risk and possible Resolution Measures.

Deutsche Bank AG is offering $2,000,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due April 30, 2036. The notes pay interest annually, have an issue price of 100.00% and are callable in whole on specified semiannual Optional Redemption Dates at 100% plus accrued interest, subject to regulatory approval.

The notes are unsecured, unsubordinated obligations issued in minimum denominations of $1,000, carried in book‑entry form at DTC, and include broad Resolution Measure provisions permitting write‑downs, conversions or other measures by competent resolution authorities that could result in loss of principal or interest.

Deutsche Bank AG offers Trigger Autocallable GEARS linked to the Russell 2000® Index. The offering totals $13,903,950 at an issue price of $10.00 per security (100% of Face Amount). Each Security has a Face Amount of $10, a Call Return of 12.00% (Call Price $11.20), Upside Gearing of 1.55, an Initial Underlying Value of 2,756.051 and a Downside Threshold equal to 75% of the Initial Underlying Value (2,067.038).

Key mechanics: Securities autocall on the Observation Date if the Closing Value ≥ Autocall Barrier (equal to the Initial Underlying Value); if not called, positive returns are enhanced by the Upside Gearing, while adverse outcomes below the Downside Threshold expose investors to full market downside at maturity. All payments depend on Deutsche Bank AG's credit and the Securities are subject to European "Resolution Measures," including potential write-down or conversion.

Deutsche Bank is offering $2,000,000 of 5.40% Fixed Rate Callable Senior Debt Funding Notes due April 30, 2036. The notes are issued at 100.00% of principal with annual interest paid each April 30 commencing April 30, 2027, and are callable in whole (not in part) on semi-annual Optional Redemption Dates beginning April 30, 2028 (redemption at 100% plus accrued interest, subject to regulatory approval).

The offering is unsecured, unsubordinated senior debt issued in registered book-entry form in minimum denominations of $1,000. Net proceeds are for general corporate purposes. The notes are subject to applicable resolution regimes (including write-down or conversion by a competent resolution authority), and holders waive certain rights in the event resolution measures are imposed.

Deutsche Bank AG is offering 6.00% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2046 at an Issue Price of 100.00%. Interest is paid annually on May 14, commencing May 14, 2027. The notes are redeemable in whole, at the issuer’s option, semi-annually on each May and November optional redemption date beginning May 14, 2028, at 100% of principal, subject to regulatory approval. Each note has a Principal Amount of $1,000; the pricing shows a selling concession/discount of $50.00 per note (proceeds to issuer $950.00 per note). The notes are unsecured, unsubordinated obligations and may be subject to statutory Resolution Measures (including write-down or conversion) under applicable EU/German resolution regimes, which could cause holders to lose some or all of their investment. The notes will not be listed and will be issued in book-entry form through DTC. Terms and tax, governing law, and distribution arrangements are summarized in the pricing supplement.

Deutsche Bank AG is offering $7,542,000 of 5.25% Fixed Rate Callable Senior Debt Funding Notes due April 30, 2036. The notes pay interest annually at 5.25% per annum, issued at 100.00% of principal with proceeds to the issuer of $7,442,557. The issuer may redeem the notes in whole (not in part) on semi-annual Optional Redemption Dates beginning April 30, 2030, at 100% of principal, subject to regulatory approval. The notes are unsecured, unsubordinated senior preferred obligations under certain German resolution rules and are eligible to be written down or converted into equity under applicable Resolution Measures; holders may therefore lose some or all of their investment if such measures are applied. The notes will not be listed and will be issued in book-entry form through DTC.

Deutsche Bank AG is offering $1,434,000 of 4.75% Fixed Rate Callable Senior Debt Funding Notes due April 30, 2031. The notes pay interest semi‑annually at 4.75% per annum, have an issue price of $1,000 per note, and settle on April 30, 2026. The issuer may redeem the notes in whole (not in part) on semiannual Optional Redemption Dates beginning April 30, 2027 at 100% of principal, subject to regulatory approval. Purchasers are deemed to consent to applicable Resolution Measures (including write‑down or conversion to equity) under EU/German resolution regimes, which could cause partial or total loss of principal and interest.

Deutsche Bank AG is offering 5.00% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2032. The notes have a $1,000 Principal Amount and an Issue Price of 100.00% (per-note proceeds to the issuer of $970 after underwriting discounts). Interest is 5.00% per annum, paid annually, and the issuer may redeem the notes in whole on semi‑annual Optional Redemption Dates at 100% of Principal Amount, subject to regulatory approval. Holders are subject to applicable Resolution Measure powers (including write‑down or conversion) under EU/ German resolution laws and may lose some or all of their investment if such measures are imposed.

Deutsche Bank AG is offering fixed-rate callable Senior Debt Funding Notes due May 14, 2031. The notes bear a 4.90% annual fixed interest rate, have an Issue Price of 100.00% (principal amount $1,000 per note) and expected settlement on or about May 14, 2026. The issuer may redeem the notes in whole on semiannual Optional Redemption Dates at 100% of principal, subject to regulatory approval and at least five business days’ prior notice. Holders are subject to applicable Resolution Measures (including bail-in write-downs or conversion into equity) under EU and German resolution regimes, which may cause holders to lose some or all of their investment.

Deutsche Bank AG is offering fixed-rate callable Senior Debt Funding Notes. The notes carry a 5.30% fixed coupon, are callable semi‑annually beginning May 14, 2030, have a $1,000 principal per note issued at 100.00% of principal, and mature on May 14, 2036. The Issue Price per note is $1,000.00, with dealers’ discounts of $40.00 and proceeds to Deutsche Bank of $960.00 per note. Interest is paid annually each May 14 using an unadjusted 30/360 convention. The notes are unsecured, unsubordinated obligations and may be subject to statutory Resolution Measures (including write‑down or conversion) under EU/German resolution rules; holders consent to these measures by acquiring the notes.

Payments and book‑entry settlement will be through DTC; the notes are not listed and are governed by New York law (ranking provisions governed by German law). Redemption prior to maturity is at 100% of principal (whole, not part) subject to prior notice and regulatory approval.

Deutsche Bank AG is offering Senior Debt Funding Notes, Series E: fixed rate, 5.10% per annum, payable semi‑annually, issued at 100% of principal with a $1,000 Principal Amount per note. The notes settle on or about May 14, 2026, mature on November 14, 2033, and are callable in whole on semi‑annual Optional Redemption Dates commencing May 14, 2028, subject to regulatory approval.

The notes are unsecured, unsubordinated obligations ranking pari passu with other unsecured and unsubordinated obligations, subject to statutory resolution priorities and potential Resolution Measures (including write‑down or conversion) under applicable EU/German resolution regimes. Purchasers bear the risk of loss if a Resolution Measure or insolvency occurs.

Deutsche Bank is offering $2,000,000 of 5.00% Fixed Rate Callable Senior Debt Funding Notes due April 29, 2033. The notes pay interest semi‑annually on April 29 and October 29, are callable at 100% on semi‑annual optional redemption dates subject to regulatory approval, and were issued at an Issue Price $1,000.00 per note with net proceeds to the issuer of $1,980,000. The notes are unsecured, rank pari passu with other unsecured unsubordinated obligations (subject to statutory resolution priorities), are book‑entry only through DTC, and are not listed.

Deutsche Bank AG is offering 5.50% Fixed Rate Callable Senior Debt Funding Notes due May 14, 2036. The notes pay 5.50% per annum annually, have an Issue Price of 100.00% and a $1,000 principal amount per note. Settlement is expected on or about May 14, 2026. The issuer may redeem the notes in whole (but not in part) on semi-annual Optional Redemption Dates beginning May 14, 2028, at 100% of principal subject to regulatory approval and at least 5 business days’ prior notice. Holders are subject to applicable Resolution Measures (including write-down or conversion) under EU/German resolution regimes; such measures may cause loss of principal or interest. Proceeds are for general corporate purposes.

Deutsche Bank AG is offering Senior Debt Funding Notes due April 28, 2051 with a fixed annual interest rate of 5.80%. The pricing supplement shows a $1,000 Principal Amount per note and a total Price to Public of $500,000; proceeds to the issuer are shown as $491,500. Interest is payable annually on April 28, commencing April 28, 2027. The issuer may redeem the notes in whole (but not in part) on semiannual Optional Redemption Dates at 100% of principal, subject to at least five business days’ notice and regulatory approval. The notes are unsecured, unsubordinated obligations and are subject to applicable European and German resolution regimes that permit write-downs or conversion into equity ("Resolution Measures"), which could cause holders to lose some or all of their investment.

Deutsche Bank AG is offering Zero‑Coupon Callable Senior Debt Funding Notes due May 5, 2046 at an Issue Price equal to 31.18% of principal ($311.80 per $1,000). The notes pay no periodic interest; the stated Accrual Yield is 6.00% per annum used to calculate an Accreted Value payable at maturity or upon an issuer optional redemption. Settlement is on or about May 5, 2026 and the issuer may redeem the entire issue on each May 5 from 2027 through 2045 at the Accreted Value, subject to at least five business days’ notice and regulatory approval.

The notes are unsecured, unsubordinated obligations issued under a senior debt funding indenture, governed by New York law (ranking provisions under German law). Holders are subject to Resolution Measure powers (including write‑down or conversion) described under applicable EU/German resolution regimes; such measures may result in loss of principal and are not events of default under the notes. Net proceeds will be used for general corporate purposes.

Deutsche Bank AG is offering Senior Debt Funding Notes with a fixed 5.80% annual interest rate, $1,000 principal per note and an Issue Price of $1,000.00. Interest is payable annually on April 21, commencing April 21, 2027, and the notes mature on April 21, 2041. The issuer may redeem all notes at 100% on semi-annual Optional Redemption Dates, subject to regulatory approval. Holders consent to potential Resolution Measures (including write-down or conversion to equity) under EU/German resolution law that could reduce or extinguish payments.

Deutsche Bank AG is offering $1,000,000 of 5.50% Fixed Rate Callable Senior Debt Funding Notes due March 30, 2051. The notes pay 5.50% annually, have a $1,000 principal per note, an issue price of 100.00% and settle on March 30, 2026. The issuer may redeem in whole on semiannual optional redemption dates beginning March 30, 2031 at 100% of principal, subject to regulatory approval and at least five business days’ notice. The notes are unsecured, unsubordinated obligations that rank pari passu with other unsecured unsubordinated obligations but are subject to applicable resolution regimes; holders consent to potential write-downs, conversions or other Resolution Measures under EU and German law that could cause loss of principal or interest. Proceeds will be used for general corporate purposes.