Redemption: 2030-07-15; Registration: 144A/Reg S;

Turkiye Is Bankasi AS (ISCTR), exp B- by Fitch, US$500m (no grow) 144A/Reg S PerpNC5.5 AT1 jr subordinated notes. 7/15/30 first call date. MS/ADCB/ENBD/JPM/SG/StanChart joint books. Coupon: Fixed until 7/15/30, if not called resets at CMT Rate + margin. Tax changes call, regulatory / capital disqualification call. UOP: GCP. Pricing 1/8. Settle 1/15. IPTs: 9.50% area. GUIDANCE: 9.125-9.25%. LAUNCHED: $500m PerpNC5.5 at 9.125%. PRICED: $500m, 9.125% at 100. Reset spread: T+463.3.