Commentary & Deal Flow

Reoffer: 3yr: MS+53bp / 100 / 3.283% 6yr: MS+88bp / 100 / 3.7%
Benchmark: 3yr: OBL 2.1 29 #189 @ 98.715 / B+70.6bp / HR 106% 6yr: DBR 0 15-Feb-32 @ 86.060 / B+101.4bp / HR 111%

3yr: Final Books > €1.35bn. Peak book > €2bn (pre-rec).
6yr: Final Books > €1.15bn. Peak book > €1.8bn (pre-rec).

Launched:
3yr: €650m @ MS+53bp - Book > €1.6bn
6yr: €550m @ MS+88bp - Book > €1.4bn
Guidance: 3yr: MS+55 +/-2bp (wpir) - Books >€2bn (pre-rec) 6yr: MS+90 +/-2bp (wpir) - Books >€1.8bn (pre-rec)
IPTs: 3yr: MS+85a 6yr: MS+120a

• Issuer: Hyundai Capital America
• Ticker: HYNMTR
• Country: US
• Support Agreement Provider: Hyundai Motor Company
• Expected Ratings: A3/A-/A- (Moody's/S&P/Fitch)
• Settlement: 25-Jun-26 (T+6)
• Format: Senior Unsecured, Reg S registered
• Tenor:
• • 3yr
  • 6yr
• Size:
• • 3yr: €650m
  • 6yr: €550m
• Maturity:
• • 3yr: 25-Jun-29
  • 6yr: 25-Jun-32
• Reoffer:
• • 3yr: MS+53bp / 3.283% / 100
  • 6yr: MS+88bp / 3.7% / 100
• Government Benchmark:
• • 3yr: OBL 2.1 29 #189 +70.6bps / 98.715 / 2.577%, HR = 106%
  • 6yr: DBR 0 15-Feb-32+101.4 / 86.060 / 2.686%, HR = 111%
• Coupon:
• • 3yr: 3.283%, FXD, Annual, Act/Act ICMA
  • 6yr: 3.7%, FXD, Annual, Act/Act ICMA
• ISIN / Common Code:
• • 3yr: XS3319132430 / 331913243
  • 6yr: XS3319132513 / 331913251
• Documents: Preliminary Pricing Supplement dated 16-Jun-26, to Offering Memorandum dated 12-Mar-26 and Offering Memorandum Supplement, dated 11-Jun-26 (together the “Preliminary Offering Memorandum”)
• Payments of Additional Amounts: Yes (as described in the Preliminary Offering Memorandum)
• Listing of the Notes: Euro MTF Market of the Luxembourg Stock Exchange
• Governing Law: New York Law
• MWC:
• • 3yr: Yes: OBL+15bps
  • 6yr: Yes: DBR+15bps
• Redemption for Tax Reasons: Yes (as described in the Preliminary Offering Memorandum)
• Denominations: €100k x €1k
• Selling Restrictions: As set out in the Offering Memorandum
• Sales into Canada: Yes – via exemption
• UoP: General corporate purposes
• Target Market/PRIIPs: Manufacturer target market (MiFID II and U.K. MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA and the United Kingdom
• Issuer LEI: 549300RIPPWJB5Z0FK07
• Clearing: Euroclear / Clearstream
• Joint Bookrunners: Barclays (B&D), Crédit Agricole CIB, J.P. Morgan, Lloyds Bank Corporate Markets
• Stabilization: Relevant stabilization regulations including ICMA/FCA apply
• Marketing: Direct Link: https://dealroadshow.com/e/HCAEUR26, Link: https://dealroadshow.com, Entry Code: HCAEUR26
• Timing: 3yr TOE: 15:17 (UKT). 6yr TOE: 15:18 (UKT). FTT: 15:50 (UKT)