Company: ADZCF
Filing Date: 2025-04-17
Form Type: 424B2
Source: 0000950103-25-005019
Chunk: 29

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-04-17
Form: 424B2
Chunk 29
---
 Index” in the accompanying underlying supplement.

Historical Information

The graph below illustrates the performance of the Nikkei 225 Index from January 6, 2020 to April 16, 2025. The Closing Level of the Nikkei 225 Index on April 16, 2025 was 33,920.40.

We obtained the Closing Levels of the Nikkei 225 Index from Bloomberg, without independent verification. The historical Closing Levels of the Nikkei 225 Index should not be taken as an indication of future performance and no assurance can be given as to the Closing Level of the Nikkei 225 Index on the Observation Date and the Final Valuation Date. We cannot give you assurance that the performance of the Nikkei 225 Index will not result in a loss on your initial investment.

<div align='center'>PS-21</div>

| The FTSE® 100 Index |

The FTSE ®100 Index measures the composite price performance of stocks of the 100 largest companies (determined on the basis of market capitalization) traded on the London Stock Exchange. For more information about the FTSE ®100 Index, see “Indices—The FTSE ®100 Index” in the accompanying underlying supplement.

Historical Information

The graph below illustrates the performance of the FTSE ®100 Index from January 2, 2020 to April 16, 2025. The Closing Level of the FTSE ®100 Index on April 16, 2025 was 8,275.60.

We obtained the Closing Levels of the FTSE ®100 Index from Bloomberg, without independent verification. The historical Closing Levels of the FTSE ®100 Index should not be taken as an indication of future performance and no assurance can be given as to the Closing Level of the FTSE ®100 Index on the Observation Date and the Final Valuation Date. We cannot give you assurance that the performance of the FTSE ®100 Index will not result in a loss on your initial investment.

<div align='center'>PS-22</div>

| The Swiss Market Index |

The Swiss Market Index is a free-float adjusted market capitalization-weighted price return index that includes 20 of the largest and most liquid companies of the Swiss equity market. For more information about the Swiss Market Index, see “Indices—The Swiss Market Index” in the accompanying underlying supplement.

Historical Information

The graph below illustrates the performance of the Swiss Market Index from January 3, 2020 to April 16