Deutsche Bank AG prices 6.00% Fixed Rate Callable Senior Debt Funding Notes due October 2, 2032 (424B2 pricing supplement)
Deutsche Bank AG filed a preliminary 424B2 pricing supplement (No. E544) for $1,000-denomination 6.00% Fixed Rate Callable Senior Debt Funding Notes due October 2, 2032, expected to price on or about October 1, 2026 and settle on or about October 2, 2026, with DBSI as agent at 100.00% issue price, $30.00 per note discounts and commissions, and $970.00 per note net proceeds. The notes are unsecured unsubordinated senior preferred obligations intended to qualify as eligible liabilities under Article 72b(2) CRR (ex...
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Issuer and security: Deutsche Bank AG Fixed Rate Callable Senior Debt Funding Notes, Series E, due October 2, 2032, CUSIP 25161FFV5 / ISIN US25161FFV58.
Pricing terms: 6.00% per annum fixed coupon, paid annually in arrears (30/360 unadjusted), 100.00% issue price ($1,000), $30.00 per note discount and commission, $970.00 per note net proceeds.
Optional redemption: Issuer may redeem in whole (not in part) on semi-annual Optional Redemption Dates from October 2, 2027 through April 2, 2032 at 100% of principal plus accrued interest, subject to 5 business days' notice and regulatory approval.
Ranking and MREL: Unsecured unsubordinated senior preferred obligations ranking pari passu with other senior unsecured/unsubordinated obligations, intended to qualify as eligible liabilities under Article 72b(2) CRR (excluding point (d)); bear losses after senior non-preferred debt but before covered deposits and SME/retail deposits.
Resolution risk: Notes are subject to BRRD/SRM Resolution Measures including write-down or conversion into ordinary shares; Resolution Measure imposition is not an event of default.
Distribution: Sole agent is Deutsche Bank Securities Inc. (affiliate); FINRA Rule 5121 applies; not listed on any exchange; use of proceeds is general corporate purposes.
Governing law: New York law, except ranking provisions governed by the laws of the Federal Republic of Germany; trustee Delaware Trust Company; calculation agent Deutsche Bank AG, London Branch.
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