Format of the Notes: Senior Unsecured, Reg S, bearer
Size: € Benchmark
IPTs: MS+120bps area
Launch Date: 20-May-26
Settlement Date: 28-May-26 (T+5)
Maturity Date: 28-May-34
Optional Redemption Date: 28-May-33
Interest: [] per cent for the period from and including the Issue Date to but excluding the Optional Redemption Date. If the Senior Notes are not redeemed or purchased and cancelled on the Optional Redemption Date, the interest payable on the Senior Notes from and including the Optional Redemption Date to and excluding the Maturity Date shall be 3-month Euribor + []bps, payable quarterly in arrears
Issuer Call Option: Applicable. See condition 4(d). The Issuer may at its option (subject to Condition 4(k)), on giving not less than 15 nor more than 45 days’ irrevocable notice to the holders (or such other notice period as may be specified in the Final Terms), redeem all or, if so provided, some only of the Notes on any Optional Redemption Date.
Business Days: T2
Waiver of Set-off: Applicable. See condition 2(a)(ii). No Senior Noteholder may exercise or claim any right of set-off, compensation, retention or netting in respect of any amount owed to it by the Issuer arising under or in connection with the Senior Notes, and each Senior Noteholder shall, by virtue of its subscription, purchase or holding of any Senior Note, be deemed to have waived all such rights of set-off, compensation, retention or netting.
Acknowledgement of Bail-in Power: Applicable. See condition 18(c). Notwithstanding and to the exclusion of any other term of the Senior Notes or any other agreements, arrangements or understanding between the Issuer and any Noteholder, by its subscription to or acquisition of the Senior Notes, each Noteholder shall acknowledge and accept (i) that any liability arising under the Senior Notes may be subject to the exercise of the Bail-in Power by the Resolution Authority and (ii) to be bound by (a) the effect of the exercise of any Bail-in Power by the Resolution Authority and (b) the variation of the conditions of the Senior Notes, as deemed necessary by the Resolution Authority, to give effect to the exercise of any Bail-in Power by the Resolution Authority.
Documentation: Issuer’s EMTN programme described in the Base Prospectus dated 10-Jun-25 as supplemented from time to time
Joint Lead Managers: BofA Securities, HSBC (B&D), KBC, Societe Generale & UBS
ISIN: BE0390313824
Denomination: €100,000 + €100,000
Clearing: X/N clearing system of The National Bank of Belgium
Target Market: Manufacturer target market (MIFID II and MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels) No EEA PRIIPs key information document (KID) or UK PRIIPs KID/CCI product summary has been prepared as not available to retail in the EEA and in the UK