Company: ADZCF
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0000950103-25-002150
Chunk: 29

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-02-19
Form: 424B2
Chunk 29
---
 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 February 18, 2025. The Closing Level of the Swiss Market Index on February 18, 2025 was 12,893.98.

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

<div align='center'>PS-23</div>

| The S&P/ASX 200 Index |

The S&P/ASX 200 Index measures the performance of the 200 largest and most liquid index-eligible stocks listed on the Australian Securities Exchange by float-adjusted market capitalization. For more information about the S&P/ASX 200 Index, see “Indices—The S&P/ASX 200 Index” in the accompanying underlying supplement.

Historical Information

The graph below illustrates the performance of the S&P/ASX 200 Index from January 2, 2020 to February 18, 2025. The Closing Level of the S&P/ASX 200 Index on February 18, 2025 was 8,481.008.

We obtained the Closing Levels of the S&P/ASX 200 Index from Bloomberg, without independent verification. The historical Closing Levels of the S&P/ASX 200 Index should not be taken as an indication of future performance and no assurance can be given as