Commentary & Deal Flow

Reoffer: 3yr: MS+73 / 100 / 0.9575% 7yr: MS+88 / 100.002 / 1.2713% 10yr: MS+108 / 100 / 1.625%

Launched: 3yr: CHF 325m @ MS+73 7yr: CHF 245m @ MS+88 10yr: CHF 280m @ MS+108

Rev Guidance: 3yr: MS+73-75 WPIR 7yr: MS+88-90 WPIR 10yr: MS+108-110 WPIR
Guidance: 3yr: MS+75 area 7yr: MS+90 area 10yr: MS+110 area
IPTs: 3yr: MS+70/80 7yr: MS+85/95 10yr: MS+105/115

• Issuer: Mondelēz International, Inc.
• Ticker: MDLZ
• Issuer Domicile: United States of America
• Domestic / Foreign: Foreign
• Format: Public Fixed-Rate Bonds
• Ranking: Senior, unsecured
• Issuer Rating: Baa1 (stable) / BBB (stable) (Moody's/S&P)
• Instrument Rating (exp): Baa1 / BBB (Moody's/S&P)
• Issue Size:
• • Tranche 1: CHF 325m
  • Tranche 2: CHF 245m
  • Tranche 3: CHF 280m
• Coupon:
• • Tranche 1: 0.9575% p.a. (30/360, preceding unadj.)
  • Tranche 2: 1.2713% p.a. (30/360, preceding unadj.) (Short first coupon)
  • Tranche 3: 1.6250% p.a. (30/360, preceding unadj.)
• Maturity:
• • Tranche 1: 10-Apr-29 (3 years)
  • Tranche 2: 10-Nov-32 (6 years 210 days)
  • Tranche 3: 10-Apr-36 (10 years)
• Spread/Yield:
• • Tranche 1: SARON MS +73.0 // YTM 0.9575% // Govt + 81.5
  • Tranche 2: SARON MS +88.0 // YTM 1.2713% // Govt + 98.9
  • Tranche 3: SARON MS +108.0 // YTM 1.6250% // Govt + 126.2
• Issue Price:
• • Tranche 1: 100.000%
  • Tranche 2: 100.002%
  • Tranche 3: 100.000%
• ISIN / Valor:
• • Tranche 1: CH1548828396 / 154.882.839
  • Tranche 2: CH1548828404 / 154.882.840
  • Tranche 3: CH1548828412 / 154.882.841
• Lead Manager(s): Deutsche Bank, BNP Paribas, Commerzbank, Goldman Sachs International
• Settle: 10-Apr-26
• SNB Repo-eligibility: At the discretion of the SNB, expected no
• Documentation: Standalone
• Early Redemption: 1-month Par Call on Tranche 1, 3-month Par Call on Tranche 2 and 3, Clean-up Call at 85% at Par, Tax Call
• FinSA Prospectus: Preliminary prospectus available in accordance with art. 51(2) FinSA
• Governing Law: Swiss law
• Covenants: Pari passu clause, negative pledge (limitations on liens), default provisions and change of control clause, each as further described in the Terms of the Bonds
• Use of Proceeds: General corporate purposes, including the repayment of debt
• SIX Listing: 08-Apr-26
• Denomination: CHF 5,000 and multiples thereof
• Selling Restrictions: In particular United States of America and U.S. Persons, European Economic Area and United Kingdom
• Target Market: As defined by the manufacturers domiciled in the EEA and UK (MIFID II/UK MIFIR): Eligible counterparties, professional clients and retail clients in Switzerland only (all channels for distribution), subject to applicable selling restrictions.