Deutsche Bank AG prices $4.344m of 6.00% senior debt funding notes due October 22, 2033

Issuer and security: Deutsche Bank AG issued $4,344,000 aggregate principal of 6.00% Fixed Rate Senior Debt Funding Notes due October 22, 2033 (CUSIP 25161FQS0 / ISIN US25161FQS01).

Coupon and payment terms: 6.00% per annum fixed rate, payable annually in arrears on October 22 of each year, beginning October 22, 2027, on an unadjusted 30/360 day count.

Pricing terms: Priced at 100.00% of principal with $5.00 per note agent discount and commissions and $995.00 per note proceeds; total aggregate discounts and commissions of $10,392.

Settlement and listing: Trade Date October 20, 2026; Settlement Date October 22, 2026; settlement through DTC in book-entry form; the notes will not be listed on any securities exchange.

Distribution: Sold through Deutsche Bank Securities Inc. (DBSI) as agent under a Distribution Agreement; DBSI is an affiliate of the issuer and the offering is conducted in compliance with FINRA Rule 5121 (affiliate distribution/conflicts of interest).

Capital treatment and ranking: Senior preferred unsecured unsubordinated obligations intended to qualify as eligible liabilities instruments under Article 72b(2) (excluding point (d)) of the CRR for MREL, ranking pari passu with other unsecured unsubordinated obligations of Deutsche Bank AG and ahead of senior non-preferred obligations.

Resolution risk: Notes are subject to BRRD/SRM Resolution Measures (including bail-in write-down/conversion) with no right of acceleration, and the notes include the standard deemed-consent language for Resolution Measures.