Commentary & Deal Flow

Reoffer: 7yr: MS+165bp / 99.422 / 4.608% 11yr: MS+210bp / 99.297 / 5.217%
Benchmark: 7yr: DBR 2.5 15-Nov-32 @ 97.895 / 2.860% / B+174.8bp / HR 97% 11yr: DBR 4 15-Jan-37 @ 107.95 / 3.104% / B+211.3bp / HR 85%

7yr: Final Books >€1.55bn. Peak book >€1.8bn.
11yr: Final Books >€1.15bn. Peak book >€1.2bn.

Launched:
7yr: €750m @ MS+165bp - Books > €1.8bn
11yr: €500m @ MS+210bp - Books > €1.2bn
Spread set at: 7yr: MS+165bp 11yr: MS+210bp - Combined books > €3.3bn (skewed to 7yr)
IPTs: 7yr: MS+190a 11yr: MS+230a

• Issuer: Stellantis N.V. (Ticker: STLA, Country: NL)
• LEI: 549300LKT9PW7ZIBDF31
• Issuer Ratings: Baa3 (Stable) / BBB- (Negative) (Moody's/S&P)
• Expected Issue Ratings: Baa3/BBB- (Moody's/S&P)
• Form of Notes: Senior, Unsecured, Reg S, Bearer NGN, TEFRA D Rules apply (no communications with or into the U.S. and/or to U.S. persons)
• Size: 7yr: €750m | 11yr: €500m
• Settlement Date: 12-Jun-26 (T+3)
• Maturity Date:
• • 7yr: 12-Jan-33 (6.6 years)
  • 11yr: 12-Jan-37 (10.6 years)
• Re-offer:
• • 7yr: MS+165bp / 99.422 / 4.608%
  • 11yr: MS+210bp / 99.297 / 5.217%
• Benchmark:
• • 7yr: 174.8bps vs DBR 2.5 15-Nov-32 @ 97.895 / 2.860% (HR: 97%)
  • 11yr: 211.3bps vs DBR 4 15-Jan-37 @ 107.95 / 3.104% (HR: 85%)
• MWC:
• • 7yr: B+30
  • 11yr: B+35
• Coupon:
• • 7yr: 4.500% Fixed, Annual, ACT/ACT (ICMA) Short first coupon
  • 11yr: 5.125% Fixed, Annual, ACT/ACT (ICMA) Short first coupon
• ISIN:
• • 7yr: XS3405545230
  • 11yr: XS3405546121
• Common Code:
• • 7yr: 340554523
  • 11yr: 340554612
• Listing and Documentation: Euronext Dublin Stock Exchange (Regulated Market) / EMTN Programme dated 29-May-26
• Governing Law: English law
• Par Call:
• • 7yr: 3 months (90 calendar days)
  • 11yr: 3 months (90 calendar days)
• Call / Put Options: CoC @101% / MWC / Clean-up Call (75%)
• Denominations: €100k + €1k
• Use of Proceeds: General Corporate Purposes
• Joint Bookrunners: Barclays, BNP Paribas, BofA Securities, Commerzbank, J.P. Morgan (B&D), Mediobanca, Santander Corporate & Investment Banking, Standard Chartered Bank AG, Wells Fargo Securities
• Timing: 7yr TOE: 16:02 UKT / 11yr TOE: 16:01 UKT | Both tranches FTT: 16:45 UKT
• Target Market: Manufacturer target market (MIFID II/UK MIFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs key information document (KID) or no disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as the Notes are not intended to be offered, sold or otherwise made available to retail in EEA or UK
• Advertisement: The Base Prospectus dated 29-May-26 is available on the website of the Euronext Dublin (https://live.euronext.com/). The Final Terms, when available, will be also published on the website of the Euronext Dublin (https://live.euronext.com/). Not for distribution in the U.S.