February 10, 2020

Deutsche Bank to issue Additional Tier 1 capital

Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) announces its intention to issue securities that qualify as Additional Tier 1 (AT1) capital. The issuance is expected to be of benchmark size with a minimum of USD 1 billion. This was decided by the Management Board with the approval of the Chairman’s Committee of the Supervisory Board.

The transaction represents a further step in managing Deutsche Bank’s regulatory capital requirements by preserving a level of AT1 instruments of 1.5% or more of risk-weighted assets on a fully-loaded basis. In addition, it supports progress towards the 4.5% fully loaded leverage ratio target for 2020.

The securities will be subject to a write-down provision if Deutsche Bank’s Common Equity Tier 1 capital ratio falls below 5.125% and be subject to other loss-absorption features pursuant to the applicable capital rules. The decision to issue these securities is based on the authorization granted by the Annual General Meeting in 2018. The denominations of the securities will be USD 200,000. Deutsche Bank Securities Inc. will act as sole bookrunner for the placement.

The securities are registered in the United States.


For further information please contact:

Deutsche Bank AG
Media Relations

Christian Streckert
Phone: +49 69 910 38079

Eduard Stipic
Phone: +49 69 910 41864

db.presse@db.com 

Investor Relations

+49 800 910-8000
db.ir@db.com

 

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking, and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.


This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 22 March 2019 under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.


For readers in the US

Deutsche Bank has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the supplement to that prospectus Deutsche Bank expects to file with the SEC and other documents Deutsche Bank has filed and will file with the SEC for more complete information about Deutsche Bank and this offering. You may get these documents, once filed, free of charge by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Deutsche Bank will arrange to send you the prospectus after filing if you request it by calling Deutsche Bank at +49 800 910 8000.


For readers in the UK

This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities covered by this communication are only available to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged only with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.


For readers in the EEA and in the United Kingdom

In relation to each member state of the European Economic Area and the United Kingdom an offer of any of the securities covered by this press release may not be made in such member state except that an offer to the public in such member state may be made pursuant to an exemption under the EU Prospectus Regulation and provided further that no such offer shall require Deutsche Bank to publish a prospectus pursuant to Article 3 of the EU Prospectus Regulation.
The expression “offer to the public” in relation to any securities in any member state of the European Economic Area or the United Kingdom means the communication to persons in any form and by any means, representing sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe for those securities as defined by Article 2(d) of the EU Prospectus Regulation.


For readers in Canada

This communication does not constitute an offer to sell, or the solicitation of an offer to buy or subscribe for, any securities referenced in this communication, and cannot be relied on for any investment contract or decision. This communication is only addressed to, and directed at, certain investors in Canada who are accredited investors and permitted clients as defined in Canadian securities legislation. A Canadian offering memorandum, including the prospectus filed with the SEC, will be available to such investors upon request by calling Deutsche Bank at +49 800 910 8000.