Book size: 1100; Registration: SEC Registered; Comments: EUR500m 2yr frn cpn 3mEu+23 at 100. Spread: 3mEu+23. LEI: FJSUNZKFNQ5YPJ5OT455; Book size: 1300; Registration: SEC Registered; Comments: EUR650m 8yr fxd cpn 3.30% at 99.972, yld 3.304%. Spread: MS+55. DBR 2.6% 08/15/33 +63.4bps Price: 99.52% / Yld: 2.67% HR: 103%. MWC: B+10. Par Call: 3m. LEI: FJSUNZKFNQ5YPJ5OT455; Book size: 2400; Registration: SEC Registered; Comments: EUR850m 12yr fxd cpn 3.70% at 99.885, yld 3.304%. Spread: MS+73. DBR 4% 01/04/37 +75.7bps Price: 109.62% / Yld: 2.955% HR: 98%. MWC: B+15. Par Call: 3m. LEI: FJSUNZKFNQ5YPJ5OT455; Book size: 2100; Registration: SEC Registered; Comments: EUR500m 21yr fxd cpn 4.15% at 99.339, yld 4.198%. Spread: MS+100. DBR 2.5% 08/15/46 +78.2bps Price: 86.64% / Yld: 3.416% HR: 103%. MWC: B+15. Par Call: 6m. LEI: FJSUNZKFNQ5YPJ5OT455;

Min Size: 2yr FRN: EUR350m Reoffer: 2yr FRN: 3mE+23bp / 100 / - 8yr FXD: MS+55bp / 99.972 / 3.304% 12yr FXD: MS+73bp / 99.885 / 3.712% 21yr FXD: MS+100bp / 99.339 / 4.198% Benchmark: 8yr FXD: DBR 2.6% 15-Aug-33 @ 99.52% / B+63.4bp / HR 103% 12yr FXD: DBR 4% 04-Jan-37 @ 109.62% / B+75.7bp / HR 98% 21yr FXD: DBR 2.5% 15-Aug-46 @ 86.64% / B+78.2bp / HR 103% Peak Books: 2yr FRN: > €1.8bn 8yr FXD: > €2.5bn 12yr FXD: > €3.2bn 21yr FXD: > €2.8bn Launched: 2yr FRN: €500m @ 3mE+23bp 8yr FXD: €650m @ MS+55bp 12yr FXD: €850m @ MS+73bp 21yr FXD: €500m @ MS+100bp Guidance: 2yr FRN: 3mE+23a - Books > €1.8bn 8yr FXD: MS+55# - Books > €2.5bn 12yr FXD: MS+73a - Books > €3.2bn 21yr FXD: MS+100# - Books > €2.8bn IPTs: 2yr FRN: 3mE+45/50bp 8yr FXD: MS+85/90bp 12yr FXD: MS+105/110bp 21yr FXD: MS+130/135bp Issuer: PepsiCo, Inc. (Ticker: PEP / Country: US) Issuer LEI: FJSUNZKFNQ5YPJ5OT455 Issuer Ratings: A1 (Stable) / A+ (Stable) by Moody’s / S&P Expected Issue Ratings: A1 / A+ by Moody’s / S&P Format: SEC Registered, Senior Unsecured Settlement: 11-Feb-26 (T+5) Size: 2yr FRN: €500m 8yr FXD: €650m 12yr FXD: €850m 21yr FXD: €500m Maturity Date: 2yr FRN: 11-Feb-28 8yr FXD: 11-Feb-34 12yr FXD: 11-Feb-38 21yr FXD: 11-Feb-47 Coupon: 2yr FRN: 3mE+23bps FRN Quart, ACT/360 8yr FXD: 3.300% Ann, ACT/ACT (ICMA) 12yr FXD: 3.700% Ann, ACT/ACT (ICMA) 21yr FXD: 4.150% Ann, ACT/ACT (ICMA) Optional Redemption: 2yr FRN: - 8yr FXD: MWC, 3m Par Call 12yr FXD: MWC, 3m Par Call 21yr FXD: MWC, 6m Par Call Make-Whole Call: 8yr FXD: B+10bps 12yr FXD: B+15bps 21yr FXD: B+15bps ISIN: 2yr FRN: XS3291116369 8yr FXD: XS3291117417 12yr FXD: XS3291117680 21yr FXD: XS3291118068 Use of Proceeds: For general corporate purposes, including the repayment of commercial paper Listing / Law: Nasdaq Listing / New York Law Clearing: Clearstream Banking, S.A. and Euroclear Bank S.A./N.V. Denominations: €100,000 x €1,000 Selling Restrictions: As per the Issuer’s Preliminary Prospectus Supplement Sales into Canada: Yes, via exemption MiFID II Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK Stabilization: Relevant stabilization regulations including FCA/ICMA will apply Joint Bookrunners: BNP Paribas (B&D), Goldman Sachs & Co. LLC, Mizuho, Morgan Stanley Timing: Priced. TOE: 15:49 UKT (2yr), 15:56 UKT (8yr), 15:54 UKT (12yr), 15:51 UKT (21yr) FTT: 08:00 UKT / 09:00 CET (5-Feb-26 TBC)

For general corporate purposes, including the repayment of commercial paper