Commentary & Deal Flow

Reoffer: 5yr: 4.625% / 98.906 / MS+183.3
Benchmark: 5yr: OBL 2.5 31-Dec-31 #193 @ 99.269 / B+196.6

Final books over €900m. Peak book over €1.5bn (pre-rec).

Launched: 5yr: €500m @ 4.625% - Books over €1.45bn (pre-rec)
Guidance: 5yr: 4.75%a - Books over €1.5bn (pre-rec)
IPTs: 5yr: 5.00%a

• Issuer: LANXESS AG
• Ticker: LXSGR
• Country: Germany
• LEI: 529900PTLRE72EMYIJ77
• Issuer Rating: Ba1 (negative) by Moody’s, BBB (negative) by Scope Ratings
• Expected Issue Rating: Ba1 by Moody’s, BBB by Scope Ratings
• Format: Senior, Unsecured, Reg S Bearer
• Size: €500m
• Settlement: 24-Jun-26 (T+5)
• Maturity: 24-Jun-31
• Coupon: 4.375% Fixed, Annually, ACT/ACT (ICMA)
• Reoffer Price: 98.906
• Reoffer Yield: 4.625%
• Reoffer Spread: MS+183.3
• ISIN: XS3402928637
• Documentation: Debt Issuance Programme
• Listing: Luxembourg Stock Exchange (regulated market)
• Governing Law: German Law
• Denominations: €100,000 x €100,000
• Change of Control: Yes
• Make-Whole Call: B+30bps
• Issuer Call Options: 3m Par Call
• Clean-up Call: Yes (80%)
• Tax Call: Yes
• Selling Restrictions: As per LANXESS’ Debt Issuance Programme Prospectus dated 27-Mar-26 (“Base Prospectus”) and supplemented on 08-May-26 (“Supplement”) (see section “Subscription and Sale – Selling Restrictions”), TEFRA D
• Use of Proceeds: General corporate purposes and refinancing of existing indebtedness
• Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients (all distribution channels).
• PRIIPs/KID: No EU PRIIPs key information document (KID) or UK disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared.
• Sole Global Coordinator: J.P. Morgan
• Joint Bookrunners: Barclays, BofA Securities, Citigroup, DZ BANK, J.P. Morgan (B&D), Société Générale
• Marketing: URL: https://dealroadshow.com, Entry Code: LANXESS2026, Direct Link: https://dealroadshow.com/e/LANXESS2026
• Advertisement: This communication is not an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and Supplement are available at https://www.luxse.com. The final terms, when published, will be available at https://www.luxse.com.
• Timing: TOE: 16.22CET / FTT: 16.45CET