Commentary & Deal Flow

Orderbooks in excess of €7.25bn+ excl. JLM (evenly split)
IPTs: 4yr:MS+105bp 8NC7:MS+140bp

• Issuer:
• • 4yr: Sumitomo Mitsui Banking Corporation (Ticker: SUMIBK)
  • 8NC7: Sumitomo Mitsui Financial Group, Inc. (Ticker: SUMIBK)
• Expected Issue Ratings:
• • 4yr: A1/A (Moody's/S&P)
  • 8NC7: A1/A- (Moody's/S&P)
• Security Description: Senior Unsecured Notes
• Format: Regulation S Only (Registered form)
• Size: € Benchmark (each tranche)
• Tenor:
• • 4yr: 4yr FXD
  • 8NC7: 8NC7 FXD-to-FRN
• First Call Date:
• • 4yr: Not Applicable
  • 8NC7: 02-Apr-33
• Maturity:
• • 4yr: 02-Apr-30
  • 8NC7: 02-Apr-34
• Coupon:
• • 4yr: Fixed (Annually, Act/Act-ICMA)
  • 8NC7: Fixed (Annually, Act/Act-ICMA) until 02-Apr-33. If not redeemed, coupon refixes at a floating rate (Quarterly, Act/360)
• IPT:
• • 4yr: MS + 105bps
  • 8NC7: MS + 140bps
• Settlement: 02-Apr-26
• Minimum Denoms: €100,000 x €1,000
• Use of Proceeds:
• • 4yr: Net proceeds of the Notes will be used for its general corporate purposes.
  • 8NC7: Net proceeds of the Notes will be used for providing debt or loan financing to SMFG’s subsidiaries or otherwise used for its general corporate purposes.
• Governing Law: English law
• Listing: Luxembourg Stock Exchange’s Euro MTF Market
• Docs: Issuer’s EMTN Programme
• Bookrunners: SMBC Nikko, Goldman Sachs International, Barclays, BNP Paribas, CACIB, Natixis and Jefferies
• B&D: SMBC Nikko
• Timing: Books open, Today’s business
• LEI:
• • 4yr: 5U0XI89JRFVHWIBS4F54
  • 8NC7: 35380028MYWPB6AUO129
• Sales into Italy:
• • 4yr: No
  • 8NC7: Yes
• Prospectus: The Base Prospectus is available on https://www.bourse.lu/programme/Programme-SumitMitsuBking/13169