200k minimo....
*** Deutsche Bank EUR Benchmark AT1 – Reset-2029 IPTs 7.125% area cpn ***
Issuer: Deutsche Bank Aktiengesellschaft
BBG Ticker: DB Corp <GO>
Issuer LEI: 7LTWFZYICNSX8D621K86
Expected Instrument Ratings: Ba3 (Moody’s) / BB- (S&P) / BB (Fitch)
Instrument: Undated Non-cumulative Fixed to Reset Rate Additional Tier 1 Notes of 2022 (the "Notes"), intended to qualify as own
funds instruments in the form of AT1 Instruments as defined in Art. 52 CRR or any successor provision thereof
Format: Reg. S only, Bearer
Maturity: Undated, with no scheduled maturity date
Size: EUR Benchmark
IPTs: 7.125% area cpn
Status of the Notes: Unsecured and subordinated, ranking pari passu among themselves and, subject to applicable laws from time to time,
pari passu with all other equally subordinated obligations of the Issuer under or in respect of AT1 InstrumentsIn the event
of resolution measures and in the event of the dissolution, liquidation, insolvency, composition or other proceedings for
the avoidance of insolvency of, or against, the Issuer, obligations under the Notes shall be fully subordinated to all obligations
which do not qualify as AT1 Instruments or CET1 instruments; this includes (i) unsubordinated creditors (including non-preferred
debt instruments), (ii) claims specified in § 39(1) nos. 1-5 of the German Insolvency Statute (InsO), (iii) contractually subordinated
obligations within the meaning of § 39(2) InsO which do not qualify as own funds Instruments, (iv) the claims under tier 2
instruments (Art. 63 CRR), and (v) all other obligations which pursuant to mandatory law (including pursuant to § 46f(7a)
sentence 3 KWG) have to be satisfied with priority to AT1 Instruments
Issue Date: 4 April 2022 (T+5)
Optional Redemption Dates: Each Business Day during the 6 month period ahead of the First Reset Date, the First Reset Date and, thereafter, each Business
Day during the 6 month period ahead of each Interest Payment Date and each Interest Payment Date
Reset Dates: 30 April 2029(the "First Reset Date") and each fifth anniversary of the immediately preceding Reset Date
Interest Payment Dates: 30 April in each year (commencing 30 April 2022, short first coupon)
Interest Rate: Subject to any discretionary or compulsory cancellation of interest the applicable rate of interest for the period from the
Issue Date (inclusive) to the First Reset Date (exclusive) will be a fixed rate of[●] per cent. per annumthereafter, the applicable
rate of interest will be reset at five year intervals on each Reset Date on the basis of the then prevailing 5-year swap rate for
euro swap transactions plus the initial credit spread of[●]subject to certain benchmark replacement fallback provisions.
Interest Payments: Fully discretionary and non-cumulative; compulsory cancellation of interest (i) to the extent that the payment of interest together
with any write-up (if any), any additional Distributions on other Tier 1 Instruments, and the total amount of write-ups (if any) on
any other AT1 instruments would exceed the Available Distributable Items; or (ii) the competent authority orders the distribution
to be cancelled in whole or in part (including, but not limited to, ensuring compliance with MDA); or (iii) if the Issuer is
over-indebted or illiquid on the relevant Interest Payment Date or to the extent that the relevant payment of interest would
result in an over-indebtedness or illiquidity of the Issuer
Optional Redemption: Subject to prior permission from the competent authority and certain other redemption conditions, in whole (but not in part)
on any Optional Redemption Date, subject to any previous write-down having been fully written-up
Redemption for Reasons of Taxation: Subject to prior permission from the competent authority and certain other redemption conditions, in whole (but not in part),
if the tax treatment of the Notes changes (including but not limited to the tax deductibility of interest payable on the Notes or
the obligation to pay Additional Amounts), at their Prevailing Nominal Amount (which may reflect a write-down not been fully
written-up) plus accrued interest (if any, and subject to any discretionary or compulsory cancellation).
Redemption for Regulatory Reasons: Subject to certain conditions, including prior permission of the competent authority, in whole (but not in part), if (i) there is a
change in the regulatory classification of the Notes that would be likely to result in (i) their exclusion in full or in part from
the Issuer's own funds under the CRR or (ii) a reclassification as a lower quality form of the Issuer's own funds since the issue
date, at their Prevailing Nominal Amount (which may reflect a write-down not been fully written-up) plus accrued interest
(if any, and subject to any discretionary or compulsory cancellation)
Trigger Event: Occurs if, at any time, the CET1 ratio, determined on a consolidated basis, falls below 5.125%
Prevailing Nominal Amount: With respect to any Note: (i) at the date of the issue, the Original Nominal Amount of such Note and (ii) thereafter, the
then outstanding nominal amount of such Note as reduced by any write-downs (to the extent not made up for by write-ups)
Write-down: Temporary write-down of the Prevailing Nominal Amount of the Notes upon occurrence of a Trigger Event
Write-up: Reinstatement of the Prevailing Nominal Amount of the Notes at Issuer’s discretion, subject to certain conditions
Statutory resolution measures: Applicable
Governing Law: German law
Listing: Luxembourg Stock Exchange (regulated market)
Documentation: Stand-alone prospectus to be dated 31 March 2022 (the “Prospectus”), which will be published and available under
AT1 RegS – Deutsche Bank
Interest Convention: Act/Act (ICMA), following unadjusted
Business Days: TARGET2
Denominations: EUR 200,000 + EUR 200,000
ISIN: DE000DL19WG7
