德意志银行美股招股说明书(2026-02-13版)

Pricing Supplement No. A30 dated February, 2026(To Underlying Supplement No.1 dated April 26, 2024,Product Supplement B dated April 26, 2024, RegistrationStatementNo.333-278331Rule 424(b)(2) Trigger Autocallable GEARS Deutsche Bank AGLinked to the Nikkei 225 Index due on or about February 27, 2031Investment Description The Trigger Autocallable GEARS (the “Securities”) are unsecured and unsubordinated obligations of Deutsche Bank AG(the “Issuer”) with returns linked to the performance of the Nikkei 225 Index (the “Underlying”).If the Closing Value of theUnderlying on the Observation Date is greater than or equal to the Autocall Barrier, the Securities will be automaticallycalled, and the Issuer will pay you a Call Price equal to the Face Amount of the Securities plus a Call Return. No furtherpayments will be made on the Securities once they have been automatically called, and you will not participate in anyappreciation of the Underlying if the Securities are automatically called.If the Securities are not automatically called andthe Underlying Return is positive, the Issuer will pay the Face Amount of the Securities at maturity plus a return equal tothe Underlying Return multiplied by the Upside Gearing. The Upside Gearing will be set on the Trade Date. If theUnderlying Return is zero or negative but the Final Underlying Value is greater than or equal to the Downside Threshold,the Issuer will repay the Face Amount of the Securities at maturity. However, if the Final Underlying Value is less than theDownside 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 Securities equal to the negative Underlying Return. In this case, Features the Observation Date is greater than or equal to the Autocall Barrier, the Securities will be automatically called,and the Issuer will pay you a Call Price equal to the FaceAmount of the Securities plus a Call Return. No furtherpayments will be made on the Securities once they have 1In the event that we make any changes to the expectedTrade Date or Settlement Date, the Observation Date,the Call Settlement Date, the Final Valuation Date andthe Maturity Date may be changed so that the statedterm of the Securities remains the same. In addition, theObservation Date, the Call Settlement Date, the FinalValuationDate and the Maturity Date are subject topostponement. See “Terms of the Securities” on pagePS-6 of this pricing supplement. automatically called and the Underlying Return is positive,the Issuer will pay the Face Amount of the Securities atmaturity plus a return equal to the Underlying Returnmultiplied by the Upside Gearing. The Upside Gearing Principal at Maturity:If the Securities are notautomatically called and the Underlying Return is zero ornegative but the Final Underlying Value is greater than orequal to the Downside Threshold, the Issuer will repay theFace Amount at maturity. However, if the Final UnderlyingValue is less than the Downside Threshold, the Issuer willrepay less than the Face Amount at maturity, if anything, Notice to investors: The Securities are significantly riskier than conventional debt instruments. The Issuer is notnecessarily obligated to repay the full Face Amount of the Securities at maturity, and the Securities may have thefull downside market risk of the Underlying. This market risk is in addition to the credit risk inherent inpurchasing a debt obligation of the Issuer. You should not purchase the Securities if you do not understand or You should carefully consider the risks described under “Selected Risk Considerations” beginning on page PS–8of this pricing supplement and “Risk Factors” beginning on page 10 of the accompanying product supplement,page PS–5 of the accompanying prospectus supplement and page 20 of the accompanying prospectus beforepurchasing any Securities. Events relating to any of those risks, or other risks and uncertainties, could adversely Security OfferingWe are offering Trigger Autocallable GEARS linked to the Nikkei 225 Index. The Upside Gearing, Initial Underlying Value and Downside Threshold will be set on the Trade Date. The Initial Underlying Value will be the Closing Value (as definedbelow) of the Underlying on the Trade Date. The Securities are offered at a minimum investment of $1,000 (100 The Issuer’s estimated value of the Securities on the Trade Date is approximately $9.719 to $9.723 per $10.00Face Amount of Securities, which is less than the Issue Price. Please see “Issuer’s Estimated Value of theSecurities” on page PS–2 of this pricing supplement for additional information. any Resolution Measure(as defined below)by the competent resolution authority,which may include the writedown of all,or a portion,of any payment on the Securities or the conversion of the Securities into ordinaryshares or other instruments of ownership.If any Resolution Measure becomes applicable to us,you may losesom