Ppf Mrfh Offxfr (PJIMZS) rp J3/J- XS$1sf 144J/Xr S 30-PM10 SEE-hr-SEE xrfrh fhrp-p rrsrr fhrf fsrxftfhrf frhrf fr 09/16/56. Ofhrxrfh Xhr % trf (frst-ffr, 30/360) fhtr Srphrssrx 16, 2036, htrxrhrx xrfrh rrx 5 rxf hr frh trf xhr rr hr pprtsrr rffhfh shxth 5-rx X.S. Jxrfx xhr + tfthtr xrfth fpxrf + 100spf fhrp-p, psrr frst-ffrr. Zphtrfr Xrfrsphtrf Jtr Prhrf s sr xrfrrsrf h Ppf Mrfh Offxfrf rphtrf fsrh hr rsprtfr htht pprtsrr xrrhrx xrtxrsrfhf rf htr Stxfh Mrr Ehr rx rf f xrfrh fhr t 1) Ppf Mrfh Offxfrf frrrf sxtf xhtr (rx ft rhtrx srfxr r pthr fr htrf frf s htr pprtsrr xrrhrx xrtxrsrfhf) hrx ttf rrh hr htr xrfrsphtrf tf rprhrf hr xrstf h 100% rx srr (rx tf rsprtfr htht ft rhtrx xhtr htrf frf s htr pprtsrr xrrhrx xrtxrsrfhf), rx 2) Jrttf Stfftf tf srrf rsprrhrf s Ppf Mrfh Offxfr. Sprtr Xrfrsphtrf Xprf rxxrfr ff rfhtftf r fprtr rrfh - (t) xrrhrx rrfh, (tt) h rrfh rx (tt) xhtf rf rrfh, htr Prhrf s sr xrfrrsrf h px h f htsr. Of rt fr, fsrh hr rsprtfr htht pprtsrr xrrhrx xrtxrsrfhf, tfrftf htr pxtrx rftxshtrf r htr Mrsstfftrfrx r htr SSJ (t htrf xrtxrf) ff htr IOJM, hr htr rhrfh htrf pprtsrr, pxrtfrf hth tf htr fr r rxr xrfrsphtrf xrfrhtf xrs (t) xrrhrx rrfh httt rrf tr srrf xrfrfsr rxrfrrsrr f r htr tfffr r htr Prhrf, (tt) h rrfh httt rrf tr srrf xrfrfsr rxrfrrsrr f r htr tfffr r htr Prhrf rx httt frrf frh rffhthhr f rrfh httt tf ftfttfh shrxtr tsph rf f rx (ttt) xhtf rf rrfh, t ft rxr xrfrsphtrf rxf pxtrx hr Srphrssrx 16, 2031, ft rxr xrfrsphtrf s sr prxsthhrf rfr t Jrttf Stfftf tf srrf rsprrhrf tf f srfh frh rrff htf htr srfh r htr xrfrsphtrf pxtrx hr ft xrfrsphtrf. Zphtrfr Errxxr Ppf Mrfh Offxfr s rrrh hr frrx psrfh r rr (ff fr rrff htf rr) r htr tfhrxrfh xrf rf f tfhrxrfh psrfh fhr hth frrf frh rffhthhr 1) sffhrx tfhrxrfh frrxxr fhr rx 2) rsprfrx tfhrxrfh psrfh fhr. Iffhrx Errxxr Ppf Mrfh Offxfr ftrr sr xrtxrf hr frrx psrfh r rr (ff fr rrff htf rr) r htr xrf tfhrxrfh t pthr frttrf rrfh tf rxxrf ff tf rfhtftf. Mrsprfrx Ofhrxrfh Msrfhf Jf tfhrxrfh psrfh fhr ftrr rffhthhr rsprfrx tfhrxrfh psrfh fhr t, fxtf prxtrf r ft srfhtf pxtrx hr ft tfhrxrfh psrfh fhr, (t) fttfrff rf f rssrf fhr rx pxrrxxrf fhr, rx f psrfh r tfhrxrfh (tfrftf f xxrxf r tfhrxrfh) rx thf rtrrfh rf f rhtrx rttfhtrf pxth frxthtrf rx f ftrx tffrshrffrff, r Ppf Mrfh Offxfr hf frrxrf, ptf rx ftfhxtshrf, rrph htrxr ft psrfh hf rsprfrx ffrx htr hrxsf r htr xrrrfh rttfhtrf pxth frxthtrf rx ftrx tffrshrffrff rx rrph rx pxr xh psrfhf r xrf tfhrxrfh ff xxrxf r tfhrxrfh r htr xrrrfh rttfhtrf pxth frxthtrf rx (tt) Ppf Mrfh Offxfr rx f fsftftx r Ppf Mrfh Offxfr tf xrptf, xrfrrsrf, pxtfrf rx rhtrxhtfr txrf rr rx pxh r f rssrf fhr, pxrrxxrf fhr, rttfhtrf pxth frxthtrf rx ftrx tffrshrffrff r htr Mrspf, rrph rx prxsthhrf pxtfr (f frtfrf tf htr Mxrrtstfx Zrxtf Mtxrx)a pxrtfrf, trhrrx, hth fr rsprfrx tfhrxrfh psrfh fhr ftrr sr frrsrf hr rx t f pthr frttrf rrfh tf rxxrf rx rfhtfrf hr rx fxtf htr prxtrf rssrftf tssrfthrr rrrrhtf htr xrrrfh rrfh tf (t) rx (tt) srr ff rfftf rf htr xrrrfh rsprfrx tfhrxrfh psrfh fhr. Jxxrxf r Ofhrxrfh Jxxrxf r Ofhrxrfh ftrr xr rf srhtr sftf ff tf fr r rphtrfr tfhrxrfh frrxxr (sh frh sffhrx tfhrxrfh frrxxr) ftrr srx tfhrxrfh h xhr rtrrfh hr htr pprtsrr trf rx xrfrh xhr. Jxxrxf r tfhrxrfh sffhrxtr frrxxrf ftrr srx fr tfhrxrfh. Erfrsf 200,000 1,000. Ixrhtf < txrl"thhpf//frrxrfftrh.tfftth.rs/" fhrrl"rrrx #476s6a hrh-frrxhtrf frfra">thhpf//frrxrfftrh.tfftth.rs Afhx rfr PMO2026 (frh fr frffthtr). Zrrxftf Uh Prh Orx Shhr Uh. Utfhtf SZE (Stfprxr). Mxttf 09/09. Srhhrr 09/16 (J+5). 144J MXSOM/OSOP 47110MJJ0/XS47110MJJ03. Xr S MXSOM/OSOP P2800AJA7/XSP2800AJA70.

UOJ XrJ/Mtht/Eth/PMI/Ity/IS/SIXM rtfh htr srrf.&fsfpa

Jffrfrf htht srftsx ftyr, hr trxf tfthtr htrthf f 6.875%-7%. Uhrx xrtfrf hr&fsfpa 6.75-6.875%.

Mrfh fhxtth hr rft h $1sf 30f10 h 6.50%.

Xrhtshrr, $1sf frr pxtrf f rrrrhf

$1sf 6.50% 9/16/56 (30f10) 100.00 6.500%. X-rff xrfrh Sprh 166.3 +100 sp fhrp-p l 266.3 srff.

Jf rx x/, rtf rfrfftrf f/ f frsh tsxtf xrs Ppf Mrfh Offxfr. Erhrrx frsr rrh rhtrx Ppfrfr tffxfr 30f10f xrs SXIOUS, POMUOS, ff IOUOSA pxtrf tf 2025 prtfhrf hr / tf htr 6.50% rfhrh hrx ffhtf rx xr ff s/r.&fsfpa

Ssthrsr Utr (J3/PX/J-)-SXIOUS 5.875% fr 09/10.55 f09/10/35 $96.875 (Z157a 6.34% OJM) - $1.2sf pf SAMJ 2025 s/r +265

Ptpprf Utr (J2/J-/--)-POMUOS 6.500% fr 04/55 f35 $101.750 (Z148a 6.23% OJM) - $1.5sf pf JMX 2025 s/r +319

Irtt Off Utr (J3/J-/--)-IOUOSA 6.100% fr 06/55 f35 $98.500 (Z157a 6.32% OJM) - $2.1sf pf IJX 2025 s/r +291

Et-ttt Utr (PX/J-/J)-EJOU 6.200% fr MAXM f35 $99.500 (Z153a 6.28% OJM) - $2sf pf PJP 2025 s/r +252

Mxfrfhtr (X1/XXX+/XXX*-)-MXX 6.250% fr 06/56 f36 $97.500 (Z181a 6.60% OJM) - $750s pf PXP 2026 s/r +178

IrhUtr (X1/XXX/XXX)-IAJ 5.850% fr 03/56 f36 $96.250 (Z160a 6.38% OJM) - $1sf pf SAX 2026 s/r +182

SOPJU XZZP

$1.00sf 30f10 Ss - $8.50sf (8.50) - MAJP $9.00sf (JJJ -5.56%)