Commentary & Deal Flow

Final Books US$1.2bn. Peak book > US$1.25bn

Launched: 5yr: US$1bn @ SOFR+85bp - Books > US$1.25bn
Spread set at: 5yr: SOFR+85bp - Books US$1.2bn+ (pre-rec)
IPTs: 5yr: SOFR+100bp

• Issuer: ABN AMRO Bank N.V.
• LEI: BFXS5XCH7N0Y05NIXW11
• Issuer Ratings: A1/A/AA- (Moody's/S&P/Fitch)
• Expected Issue Ratings: A1/A/AA- (Moody's/S&P/Fitch)
• Status: Senior Preferred Notes (“SP Notes”), Floating Rate, the issuer cannot count these notes to its MREL base
• Format: New Global Note, Reg S, Bearer
• Governing Law: Dutch Law
• Issue Size: US$1bn
• Pricing Date: 19-May-26
• Settlement Date: 27-May-26 (T+5)
• Maturity Date: 27-May-31 (5 years)
• Interest Rate: The notes will bear interest at a rate per annum equal to the Reference Rate plus the Margin. In no event will the interest payable in respect of any Interest Period be less than zero
• Interest Payment Dates: 27 February, 27 May, 27 August and 27 November in each year up to and including the Maturity Date, payable quarterly in arrear
• First Interest Payment Date: 27-Aug-26
• Reference Rate: Compounded SOFR, which is a compounded average of daily SOFR, determined by reference to the SOFR Index
• Interest Determination Dates: Two U.S Government Securities Business Days prior to each Interest Payment Date
• Interest Period: The period commencing on any Interest Payment Date (or the Issue Date) to, but excluding, the next succeeding Interest Payment Date, and in the case of the last such period, from and including the Interest Payment Date immediately preceding the Maturity Date to, but excluding, such Maturity Date
• SOFR Index Observation Period: In respect of each Interest Period, the period from, and including, the date two U.S. Government Securities Business Days preceding the first date in such Interest Period to, but excluding, the date two U.S. Government Securities Business Days preceding the Interest Payment Date for such Interest Period
• Day Count Fraction: Actual/360
• Business Days: New York, London, T2
• Business Day Convention: Modified Following Adjusted
• Redemption Price: 100%
• Events of Default: If any one or more of the following events (each an "Event of Default") shall have occurred and be continuing: (i) default is made for more than 30 days in the payment of interest or principal in respect of the SP Notes; (ii) the Issuer fails to perform or observe any of its other obligations under the SP Notes and such failure has continued for the period of 60 days next following the service on the Issuer of notice requiring the same to be remedied; (iii) the Issuer is declared bankrupt; or (iv) an order is made or an effective resolution is passed for the winding up or liquidation of the Issuer unless this is done in connection with a merger, consolidation or other form of combination with another company and such company assumes all obligations contracted by the Issuer in connection with the SP Notes
• Denominations: US$ 200,000 + US$ 100,000 increments
• ISIN: XS3388145263
• Listing: Euronext Dublin
• Clearing: Euroclear / Clearstream
• Billing & Delivery: Standard Chartered Bank AG
• Joint Lead Managers: Standard Chartered Bank AG (B&D), ABN AMRO, BofA Securities Europe S.A.
• Selling Restrictions: As set out in the EMTN Base Prospectus and supplements
• Documentation: ABN AMRO Bank N.V. EMTN Programme Base Prospectus consisting of the Registration Document dated 6-Jun-25 as supplemented on 15-Aug-25, 28-Nov-25, 16-Feb-26, 18-Mar-26, 18-May-26; and the Securities Note dated 15-Aug-25 as supplemented on 18-May-26The Base Prospectus and supplements are available on the Issuer’s website: www.abnamro.com/programmedocsThe Final Terms, when published, will be available on the Issuer’s website: www.abnamro.com/bondsThe completed European Green Bond factsheet and the pre-issuance review related to the European Green Bond factsheet by ISS Corporate Solutions, Inc. together with the Green Bond Framework and second opinion are published on www.abnamro.com/esgbonds
• Target Market: Eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in the EEA or the UK
• Use of Proceeds: The Notes are designated as ‘European Green Bonds’ (EuGB) in accordance with Regulation (EU) 2023/2631 (the "EU Green Bond Regulation") and the ICMA Green Bond Principles 2021. An amount equivalent to the net proceeds of the Senior Preferred Notes will be allocated to finance and/or refinance, in whole or in part, eligible green assets ("Eligible Assets"), in line with the Issuer’s Green Bond Factsheet prepared in accordance with Annex I of the EU Green Bond Regulation.
• Expected Timing: Today’s business