Status: Senior Preferred Notes. Unsecured Unsubordinated. Eligible liabilities instruments according to Article 72b CRR2
Form of the Notes: Reg S, Dematerialised Note
Principal Amount: €500,000,000
Pricing Date: 01-Jul-26
Settlement Date: 08-Jul-26 (T+5)
Maturity Date: 08-Jul-31
Interest Payment Dates: 8 July of every year, starting from 08-Jul-27 (the “First Interest Payment Date”) up to and including the Maturity Date
Redemption: 100% of the Principal Amount
Day Count Fraction and Business Day Convention: Actual/Actual ICMA, Unadjusted and Following Business Day Convention
IPTs: BTP + 65-70 bps area (equiv. to MS+97-102 bps area)
Reference BTP: BTPS 3.15 01-Jun-31
Acknowledgement of Statutory Bail-in Power: The Notes are subject to the exercise of the Bail-in Power by the Relevant Authority
Redemption for Tax Reasons: Applicable as per the Condition 12(b) of the Terms and Conditions of the Notes
Clean-up Redemption Option: Applicable (80%)
Redemption for MREL Disqualification Event: If, at any time, the Issuer determines that a MREL Disqualification Event has occurred, the Notes may be redeemed at the option of the Issuer, in whole, but not in part, at par
Variation following a MREL Disqualification Event or an Alignment Event or in order to ensure the effectiveness and enforceability of Condition 24 (Contractual Recognition of Bail-in Powers): Applicable
Waiver of Set-off Rights: Applicable
Events of Default: As per Condition 15 of the Terms and Conditions of the Notes (Events of Default). Noteholders may cause the Notes to become immediately due and payable, together with any accrued interest, if any, if the Issuer is subject to Liquidazione Coatta Amministrativa.
Listing: Electronic bond market (MOT) of Borsa Italiana S.p.A. (Regulated Market)
Clearing: Euronext Securities Milano (Monte Titoli)
Denominations: €100,000 and integral multiples of €1,000 in excess thereof
Documentation: Issuer’s €3,000,000,000 EMTN Programme dated 11-Dec-25, as supplemented on 30-Jun-26, including, inter alia, auditors’ signing and closing comfort letters, legal opinions delivered by the legal advisers to the issuer and the joint lead managers, closing certificate and rating letters
Use of Proceeds: An amount equivalent to the net proceeds of the Notes will be allocated to finance and/or re-finance, in whole or in part, Eligible Social Assets, as defined in the Issuer's Green, Social and Sustainability (GSS) Financing Framework dated June 2026. ICSC’s Green, Social and Sustainability (GSS) Financing Framework and SPO report available at: https://www.creditosportivo.it/sostenibilita
Selling Restrictions: As per the Base Prospectus (Reg S, TEFRA rules not applicable. No communications with or into the U.S.)
Target Market: Manufacturers target market (EU MIFID II / UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs or disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as not available to retail in EEA and the UK
Stabilisation: Not Applicable
Governing Law: Italian law
Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and the supplement and the Final Terms, when published, will be available is available at Prospetti Nazionali - AREA PUBBLICA - CONSOB