Deutsche Bank AG prices 6.50% Fixed Rate Callable Senior Debt Funding Notes due October 9, 2046
Deutsche Bank AG filed a preliminary pricing supplement (Pricing Supplement No. E532) for a tranche of 6.50% Fixed Rate Callable Senior Debt Funding Notes due October 9, 2046, with an expected trade date on or about October 7, 2026 and expected settlement on or about October 9, 2026. The notes are unsecured, unsubordinated senior preferred obligations of the issuer intended to qualify as eligible liabilities for MREL, priced at 100.00% of principal with a $50.00 per note underwriting discount (proceeds to issuer...
Key takeaways
Issuer and security: Deutsche Bank AG $1,000-denomination 6.50% Fixed Rate Callable Senior Debt Funding Notes due October 9, 2046 (CUSIP 25161FF86 / ISIN US25161FF868).
Coupon and payment: 6.50% per annum, payable annually in arrears on October 9 of each year commencing October 9, 2027, using an unadjusted 30/360 day count convention.
Optional redemption: Issuer callable in whole, but not in part, on semi-annual Optional Redemption Dates on the 9th of April and October beginning October 9, 2029 and ending April 9, 2046, at 100% of principal plus accrued interest, subject to regulatory approval.
Ranking and MREL: Unsecured, unsubordinated senior preferred obligations ranking pari passu with other unsecured and unsubordinated obligations and in priority to senior non-preferred debt; intended to qualify as eligible liabilities under Article 72b(2) CRR (excluding point (d)) for MREL.
Pricing mechanics: 100.00% issue price; $50.00 per note discounts and commissions to DBSI; $950.00 per note proceeds to issuer; subject to completion and priced on or about October 7, 2026, settling on or about October 9, 2026 via DTC book-entry.
Resolution risk: Holders are deemed to consent to Resolution Measures under the SRM Regulation/German Resolution Act, including potential write-down or conversion of the notes, and have limited enforcement remedies.
Distribution: Non-listed; DBSI (affiliate of issuer and FINRA member) acts as agent under FINRA Rule 5121; not offered to EEA or UK retail investors.
Key metrics
Primary source
TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.
Open SEC filingFollow DB in real time
Get material earnings, filing, IR, and earnings-call alerts by email.