Deutsche Bank plans add-on issuance of fixed to reset rate tier 1 notes

Chicago, Feb. 10 – Deutsche Bank AG plans to sell undated non-cumulative fixed to reset rate additional tier 1 notes, the company said in a 424B2 filed with the Securities and Exchange Commission.

Deutsche Bank Securities Inc. is the bookrunner.

The interest rate will stay fixed until April 30, 2026, then convert to the five-year Treasury rate plus a spread, subject to a floor of 0%. Interest will be payable on an annual basis.

The notes can be redeemed starting Oct. 30, 2025 and then on the first reset date and any repayment date thereafter. or in the event of some regulatory events.

Proceeds will be used for general corporate purposes.

Deutsche Bank is a Zurich-based bank.

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