Commentary & Deal Flow

Reoffer: 6NC5: MS+95bp / 100 / 3.934%
Benchmark: 6NC5: OBL 2.5 16-Apr-31 @ 98.4% / B+108.4bp / HR 99.6%

Final Books: >€1.75bn. Peak book €1.9bn+ (excl. JLM, pre-rec)

Launched: 6NC5: €1bn @ MS+95bp - Books €1.9bn+ excl. JLM (pre-rec)
Book Update: Books > €1.5bn (excl. JLM)
IPTs: 6NC5: MS+120a

• Issuer: Standard Chartered PLC (STANLN)
• LEI number: U4LOSYZ7YG4W3S5F2G91
• Format: Reg S, Global Certificate in registered form. Issued under the Issuer’s Debt Issuance Programme
• Notes: Fixed Rate Reset Senior Unsecured Notes, Unsubordinated
• Issuer Ratings (M/S/F): A3 (Stable) / BBB+ (Stable) / A (Stable)
• Exp. Issue Ratings (M/S/F): A3 / BBB+ / A
• Size: €1bn
• Settlement Date: 28-May-26 (T+5)
• Maturity Date: 28-May-32 (6 years)
• Optional Redemption Date: 28-May-31 (5 years)
• Reference spot mid-swap rate: 2.984%
• Re-offer Spread vs mid-swap: +95 bps
• Re-offer Yield: 3.934%
• Re-offer Price: 100.000%
• Benchmark: OBL 2 ½ 16-Apr-31 #193
• Benchmark Price: 98.4%
• Benchmark Yield: 2.850%
• Re-offer Spread vs Benchmark: +108.4 bps
• Hedge Ratio: 99.6%
• Coupon: 3.934% fixed, annual. If not redeemed on the Optional Redemption date, coupon resets to 1yr MS + 95 bps, annual, payable on the Maturity Date
• Day count: ACT / ACT (ICMA)
• Denomination: €100k + 1k
• Listing: London Stock Exchange, main market
• Governing Law: English Law
• Business Days: London and T2
• Clearing: Euroclear Bank SA/NV/Clearstream Banking S.A.
• Use of Proceeds: General Corporate Purposes
• Joint Lead Managers: Lloyds, Mizuho, Natixis, Santander, Standard Chartered Bank (B&D) and Wells Fargo Securities
• ISIN: XS3381221525
• Common Code: 338122152
• TOE / FTT: 14.14 UKT / 14.45 UKT
• Events of Default: Restrictive Events of Default apply. See Condition 9(b) in the Prospectus
• Loss Absorption Disqualification Event: The Issuer may redeem the Notes in whole, at any time, at par, if a Loss Absorption Disqualification Event Call has occurred and is continuing, as further described in the Prospectus
• Tax Call: As per the provisions for Senior Notes in the Programme; the Final Terms relating to the Notes will specify that the Issuer may redeem the Notes pursuant to Condition 5(c) on dates other than Interest Payment Dates, as further described in the Prospectus
• Redemption at the Option of the Issuer: The Issuer may redeem the Notes in whole on the Optional Redemption Date at par, as further described in the Prospectus
• Clean-up Call: The Issuer may redeem the Notes in whole, at any time, at par, if 75.00% or more of the Notes have been redeemed and/or purchased and cancelled, as further described in the Prospectus
• Wavier of set-off: Applicable, as further described in the Prospectus
• Documentation: Issuer’s USD 77,500,000,000 Debt Issuance Programme (the “Programme”) base prospectus dated 23-Apr-26, as supplemented on 30-Apr-26 and 19-May-26 (together, the “Prospectus”)
• Target Market: MiFID II / UK MiFIR professionals / ECPs-only / No EEA PRIIPs KID or UK CCI product summary – Manufacturer target market (MiFID II / UK MiFIR) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK CCI product summary has been prepared as not available to retail in the EEA or in the UK
• Advertisement: The Prospectus is available at https://www.sc.com/en/investors/credit-ratings-fixed-income/capital-securities-in-issue/#debtissuance and the Final Terms when published, will be available at https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html
• Fee: The Joint Lead Managers and Co-managers will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available on request to investors participating in the transaction