Company: ADZCF
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0000950103-25-015661
Chunk: 10

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-12-03
Form: 424B2
Chunk 10
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), CRR FOR THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES UNDER THE ISSUER       
 REGULATORY CAPITAL PROVISIONS APPLICABLE TO US. THEY ARE EXPECTED TO CONSTITUTE “SENIOR PREFERRED” DEBT SECURITIES AND WOULD,                     
 IF INSOLVENCY PROCEEDINGS ARE OPENED AGAINST US OR IF RESOLUTION MEASURES ARE IMPOSED ON US, BEAR LOSSES AFTER OUR “SENIOR NON-PREFERRED”         
 DEBT INSTRUMENTS BUT BEFORE OTHER LIABILITIES WITH AN EVEN MORE SENIOR RANK, FOR EXAMPLE, COVERED DEPOSITS AND DEPOSITS HELD BY NATURAL           
 PERSONS AND MICRO, SMALL AND MEDIUM-SIZED ENTERPRISES — The notes are intended to qualify as eligible liabilities instruments                     
 within the meaning of Article 72b(2), with the exception of point (d), CRR for the minimum requirement for own funds and eligible liabilities,    
 as described and provided for in the bank regulatory capital provisions to which we are subject, including restrictions on the aggregate          
 amount of similar instruments that we may use for such purposes, but do not constitute senior non-preferred debt instruments within the           
 meaning of Section 46f(6) sentence 1 of the German Banking Act (Kreditwesengesetz). The notes will constitute our unsecured and                   
 unsubordinated obligations ranking pari passu among themselves and with all of our other unsecured and unsubordinated obligations,                
 subject, however, to statutory priorities conferred upon certain unsecured and unsubordinated obligations in the event of any Resolution          
 Measures imposed on us or in the event of our dissolution, liquidation, insolvency or composition, or if other proceedings are opened             
 for the avoidance of the insolvency of, or against, us; in accordance with Section 46f(5) of the German Banking Act (Kreditwesengesetz),          
 our obligations under the notes will rank in priority to our senior non-preferred obligations under (i) any of our debt instruments (Schuldtitel) 
 within the meaning of Section 46f(6) sentence 1 of the German Banking Act (including the senior non-preferred obligations under any such          
 debt instruments that we issued before July 21, 2018 and that are subject to Section 46f(9) of the German Banking Act) or any successor           
 provision and (ii) eligible liabilities within the meaning of Articles 72a