Commentary & Deal Flow

Launched: 3yr: €500m @ 4.200% 7yr: €500m @ 5.100%
Guidance: 3yr: 4.375%a - Books > €3.1bn 7yr: 5.250%a - Books > €2.7bn
IPTs: 3yr: 4.75%a 7yr: 5.500%a

• Issuer: Schaeffler AG (Ticker: SHAEFF / Country: Germany)
• Issuer LEI: 549300Q7E782X7GC1P43
• Issuer Ratings: Ba1 (stable) by Moody’s / BB+ (negative) by S&P / BB+ (stable) by Fitch
• Exp. Issue Ratings: Ba1 by Moody´s / BB+ by S&P / BB+ by Fitch
• Format: Senior Unsecured, Reg S Bearer
• Settlement: 13-May-26 (T+5)
• Size: 3yr: €500m, 7yr: €500m
• Tenor: 3yr: 3 Year, 7yr: 7 Year
• Maturity Date: 3yr: 13-May-29, 7yr: 13-May-33
• Coupon Type: Fixed, Annual, Act/Act ICMA
• ISIN: 3yr: DE000A460JA7, 7yr: DE000A460JB5
• WKN: 3yr: A460JA, 7yr: A460JB
• Documentation: DIP / Lux. Stock Exchange (regulated market) / German Law / €100k + €100k
• Par Call: 3yr: 1-month, 7yr: 3-months
• Optional Redemption: Change of Control / Make-Whole Call / Clean-up Call (80%)/ Tax Call
• Selling Restrictions: As per Debt Issuance Programme dated 24-Mar-26, supplemented as of 05-May-26 (incl. U.S. (Regulation S, TEFRA D), UK, EEA)
• Use of Proceeds: General corporate and financing purposes
• Marketing: URL: https://dealroadshow.com Entry Code: SCHAEFFLER2026 Direct Link: https://dealroadshow.com/e/SCHAEFFLER2026
• MiFID II Target Market: Eligible counterparties and professional clients only (all distribution channels). No, EU PRIIPs key information document (KID) or UK PRIIPs KID/CCI product summary has been prepared as not available to retail in the EEA or the United Kingdom, respectively.
• Joint Global Coordinators: BNP Paribas, BofA Securities, Citigroup, Deutsche Bank (B&D)
• Joint Active Bookrunners: Bayern LB, Standard Chartered Bank AG
• Advertisement: The Base Prospectus dated 24-Mar-26, and its supplement dated 05-May-26 are available and the Final Terms, when published, will be available on the website of the Luxembourg Stock Exchange (https://www.luxse.com/issuer/Schaeffler/67292)
• Stabilisation: Relevant regulations will apply including FCA and ICMA recommendations
• Ownership: Schaeffler is family owned.
• Biz: a global automotive and industrial parts (ball bearing and other motion products) and services supplier. HQ: Herzogenaurach, Germany.
• Books Subject: 1:00PM UKT / 2:00PM CET today
• Timing: Books closed. Allocations and pricing to follow this afternoon.