Company: ADZCF
Filing Date: 2025-10-17
Form Type: 424B2
Source: 0000950103-25-013324
Chunk: 13

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-10-17
Form: 424B2
Chunk 13
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 any Resolution Measure and the imposition of any Resolution Measure will not constitute a default or an event of default under the Notes, under the Senior Debt Funding Indenture or for the purposes of, but only to the fullest extent permitted by, the Trust Indenture Act of 1939, as amended. In addition, the trustee, the paying agent, issuing agent, registrar and The Depository Trust Company (“ DTC”) and any direct participant in DTC or other intermediary through which you hold such Notes may take any and all necessary action, or abstain from taking any action, if required, to implement the imposition of any Resolution Measure with respect to the Notes. Accordingly, you may have limited or circumscribed rights to challenge any decision of the competent resolution authority to impose any Resolution Measure. For more information, including details on the particular German and European laws and regulations referenced above, please see the accompanying prospectus dated April 26, 2024, including the risk factors beginning on page 20 of such prospectus.

| · | The Notes Contain                                                                                                                          
 Limited Events of Default, and the Remedies Available Thereunder are Limited — As described in “Description of Debt Securities—Senior      
 Debt Funding Securities—Events of Default” in the accompanying prospectus, the Notes provide for no event of default other                 
 than the opening of insolvency proceedings against us by a German court having jurisdiction over us. In particular, the imposition of      
 a Resolution Measure will not constitute an event of default with respect to the Senior Debt Funding Indenture or the Notes. If an event   
 of default occurs, holders of the Notes have only limited enforcement remedies. If an event of default with respect to the Notes occurs    
 or is continuing, either the trustee or the holders of not less than 33⅓% in aggregate principal amount of all outstanding debt            
 securities issued under the Senior Debt Funding Indenture, including the Notes, voting as one class, may declare the principal amount      
 of the Notes and interest accrued thereon to be due and payable immediately. We may issue further series of debt securities under the      
 Senior Debt Funding Indenture and these would be included in that class of outstanding debt securities. In particular, holders of the      
 Notes will have no right of acceleration in the case of a default in the payment of principal of, interest on, or other amounts owing      
 under, the Notes or a default in the performance of any of our other covenants under the Notes. If such a default occurs and is continuing 
 with