Commentary & Deal Flow

IPTs: 3yr: MS+75a 6yr: MS+105a 10yr: MS+135a

• Issuer: BMW Finance N.V.
• Guarantor: Bayerische Motoren Werke Aktiengesellschaft (Ticker: BMW)
• Issuer LEI: 5299006ZHG3IXU0PNJ56
• Guarantor LEI: YEH5ZCD6E441RHVHD759
• Guarantor Rating: A2 (stab) Moody’s / A (neg) S&P
• Expected Issue Rating: A2 / A (Moody’s / S&P)
• Form of Notes: Temporary Global Note, exchangeable for a Permanent Global Note not earlier than 40 calendar days after the respective settlement date
• Status (Notes): Senior, unsecured and unsubordinated RegS Bearer Notes
• Settlement: 19-May-26 (T+6)
• Maturity:
• • 3yr: 19-May-29
  • 6yr: 19-May-32
  • 10yr: 19-May-36
• Size: € Benchmark (each tranche)
• Coupon: Fixed (Ann, Act/Act, ICMA)
• Docs: EMTN / Lux. Listing (regulated market) / German Law / €1k denoms
• Use of Proceeds: General corporate purposes
• Target Market: Manufacturer target market (MiFID II product governance and UK MiFIR product governance rules) is eligible counterparties, professional clients and retail clients (all distribution channels). No PRIIPs key information document (KID) or UK disclosure document required by the FCA Product Disclosure Sourcebook (DISC) will be prepared.
• Selling Restrictions: As set out in the Issuer’s EUR 50bn Debt Issuance Programme dated 08 May 2026 (no communications with the U.S., sales into Canada as per notice comprised in Base Prospectus).
• Passporting: Germany, Austria and The Netherlands
• Joint Bookrunners: BayernLB, Deutsche Bank, J.P. Morgan (B&D), Mizuho, NatWest
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Prospectus, any supplements and the Final Terms, when published, will be available at: https://www.luxse.com/programme/Programme-BMW/13960
• Timing: Books open, today’s business