First Pay: 2026-09-15; Redemption: 2028-07-15; Registration: Reg S Only; Comments: SWISS 2.25% 06/22/2031 benchmark. MWC: B+50;
Use of Proceeds
Fully repay existing CHF200m 5.25% sr sec notes due 07/31/28 on or after next call date (31-Jul-26 at 101.313) and fund transaction and redemption costs