Deutsche Bank Files 424B2 Prospectus on 3/24/2026

TL;DR

**Deutsche Bank just filed a prospectus, likely for a new securities offering.**

AI Summary

This 424B2 filing from Deutsche Bank Aktiengesellschaft, filed on March 24, 2026, is a prospectus related to a previous registration statement (File No. 333-278331). It updates information for potential investors, likely for an offering of securities. This matters to current or prospective shareholders because it indicates Deutsche Bank is actively engaging in capital markets, which could impact share dilution or provide capital for growth, depending on the nature of the offering detailed within the full prospectus.

Why It Matters

This filing signals Deutsche Bank's intent to offer securities, which could affect the company's capital structure and potentially dilute existing shareholder value or fund new initiatives.

Risk Assessment

Risk Level: medium — The risk level is medium because a prospectus filing itself doesn't detail the offering, but any new securities offering carries inherent risks like dilution or increased debt.

Analyst Insight

A smart investor would review the full 424B2 document to understand the specific terms of the securities offering, including the type of securities, pricing, and potential impact on existing shares, before making any investment decisions.

Key Numbers

• 2026-03-24 — Filing Date (Indicates when the prospectus was officially filed with the SEC.)
• 333-278331 — Registration Statement File No. (Links this prospectus to a broader securities registration.)

Key Players & Entities

• DEUTSCHE BANK AKTIENGESELLSCHAFT (company) — Filer of the 424B2 prospectus
• 0001159508 (company) — CIK of Deutsche Bank Aktiengesellschaft
• 333-278331 (dollar_amount) — File number for the related registration statement
• 2026-03-24 (dollar_amount) — Filing date of the 424B2

FAQ

Key Financial Figures

• $1,000 — are offered at a minimum investment of $1,000 (100 Notes). Underlying Contingent Co
• $9.25 — otes on the Trade Date is approximately $9.25 to $9.452 per $10.00 Face Amount of Not
• $9.452 — he Trade Date is approximately $9.25 to $9.452 per $10.00 Face Amount of Notes, which
• $10.00 — te is approximately $9.25 to $9.452 per $10.00 Face Amount of Notes, which is less tha
• $0.225 — (1) Proceeds to Us Per Note $10.00 $0.225 $9.775 Total $ $ $ (1) Deutsche
• $9.775 — ceeds to Us Per Note $10.00 $0.225 $9.775 Total $ $ $ (1) Deutsche Bank Se
• $10 — he Face Amount of Notes Face Amount: $10 per Note Underlyings: The Nikkei 225
• $0.2375 — servation Date will be equal to between $0.2375 and $0.2625 per Note. Whether Contingen
• $0.2625 — te will be equal to between $0.2375 and $0.2625 per Note. Whether Contingent Coupons wi

Filing Documents

• dp244068_424b2-a33.htm (424B2) — 215KB
• image_004.jpg (GRAPHIC) — 1KB
• image_005.jpg (GRAPHIC) — 1KB
• image_001.jpg (GRAPHIC) — 30KB
• image_002.jpg (GRAPHIC) — 29KB
• image_003.jpg (GRAPHIC) — 29KB
• 0000950103-26-004547.txt ( ) — 340KB

From the Filing

The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement and the accompanying underlying supplement, product supplement, prospectus supplement and prospectus do not constitute an offer to sell nor do they seek an offer to buy the Securities in any jurisdiction where the offer or sale is not permitted. 24, 2026 Pricing Supplement No. A33 dated March , 2026 (To Underlying Supplement No.1 dated April 26, 2024, Product Supplement B dated April 26, 2024, Prospectus Supplement dated April 26, 2024 and Prospectus dated April 26, 2024) Registration Statement No . 333-278331 Rule 424 ( b )( 2 ) Deutsche Bank AG Trigger Autocallable Contingent Yield Notes Linked to the Least Performing of the Nikkei 225 Index and the S&P 500 ® Index due on or about April 1, 2031 Investment Description The Trigger Autocallable Contingent Yield Notes (the “ Notes ”) are unsecured and unsubordinated obligations of Deutsche Bank AG (the “ Issuer ”) linked to the least performing of the Nikkei 225 Index and the S&P 500 ® Index (each an “ Underlying ” and together the “ Underlyings ”). On a quarterly basis, unless the Notes have been previously called, the Issuer will pay you a coupon (the “ Contingent Coupon ”) if the Closing Value of each Underlying on the applicable Coupon Observation Date is greater than or equal to its Coupon Barrier. However, if the Closing Value of any Underlying on a Coupon Observation Date is less than its Coupon Barrier, you will not receive any Contingent Coupon for the relevant quarter. If the Closing Value of each Underlying on any Call Observation Date is greater than or equal to its Closing Value on the Trade Date (the “ Initial Underlying Value ”), the Notes will be automatically called, and the Issuer will pay you the Face Amount of the Notes plus the Contingent Coupon, and no further payments will be made on the Notes. If the Notes are not automatically called and the Closing Value of each Underlying on the Final Valuation Date (the “ Final Underlying Value ”) is greater than or equal to its Downside Threshold (which is set equal to its Coupon Barrier), the Issuer will repay the Face Amount at maturity plus any final Contingent Coupon otherwise due. However, if the Final Underlying Value of any Underlying is less than its Downside Threshold, the Issuer will pay you a cash payment at maturity that is less than the Face Amount, if anything, resulting in a percentage loss on the Face Amount of the Notes equal to the negative Underlying Return of the Underlying with the lowest Underlying Return (the “ Least Performing Underlying ”). In this case, you will have full downside exposure to the Least Performing Underlying from its Initial Underlying Value to its Final Underlying Value, and will lose a significant portion, and possibly all, of your initial investment. Investing in the Notes involves significant risks. You may lose a significant portion or all of your initial investment. You may receive few or no Contingent Coupons during the term of the Notes. You will be exposed to the market risk of each Underlying and any decline in the value of one Underlying may negatively affect your return and will not be offset or mitigated by a lesser decline or any potential increase in the value of any other Underlying. You will not participate in any appreciation of any Underlying and will not receive any dividends on the securities included in any Underlying. The Final Underlying Value of each Underlying is observed relative to its Downside Threshold only on the Final Valuation Date, and the contingent repayment of principal feature applies only if you hold the Notes to maturity. Generally, the higher the Contingent Coupon Rate on a Note, the greater the risk of loss on that Note. Any payment on the Notes, including any payment of the Face Amount at maturity, is subject to the credit of Deutsche Bank AG. If Deutsche Bank AG were to default on its payment obligations or become subject to a resolution measure, you might not receive any amounts owed to you under the Notes and you could lose your entire investment. Features Key Dates 1 q Contingent Coupon: On each Contingent Coupon Payment Date, the Issuer will pay you a Contingent Coupon if the Closing Value of each Underlying on the related Coupon Observation Date is greater than or equal to its Coupon Barrier. However, if the Closing Value of any Underlying on any Coupon Observation Date is less than its Coupon Barrier, you will not receive any Contingent Coupon on the related Contingent Coupon Payment Date. q Automatic Call: If the Closing Value of each Underlying on any Call Observation Date is greater than or equal to its Initial Underlying Value, the Notes will be automatically called, and the Issuer will pay you the Face Amount of the Notes plus the Contingent Coupon

View Full Filing

View this 424B2 filing on SEC EDGAR