Commentary & Deal Flow

Guidance: 7NC6: SARON MS+103/105bp

IPTs: 7NC6: SARON MS+105a

• Issuer: Société Générale S.A. (Ticker: SOCGEN)
• Issuer Domicile: France
• Format: Public Fixed Rate Notes
• Status: Senior Non-Preferred
• Issuer Rating: A1/A/A+ (Moody's/S&P/Fitch)
• Instrument Rating (exp): Baa2/BBB/A- (Moody's/S&P/Fitch)
• Sustainability Rating: MSCI: AAA Sustainalytics Risk Score: 13.2 ISS ESG: C+ CDP: A
• Issue Size: min. CHF 150m
• Settlement Date: 15-Jul-26
• Optional Redemption Date: 15-Jul-32
• Maturity Date: 15-Jul-33
• Coupon: 1.38% p.a. (indicative)
• Spread/Yield: SARON MS+103/105bp
• Lead Manager(s): Commerzbank, UBS
• SNB Repo-eligibility: At the discretion of the SNB, expected no
• Documentation: Under the Issuer’s Euro Medium Term Note Paris Registered Programme, as supplemented
• FinSA Prospectus: Base prospectus as supplemented recognised by SIX Exchange Reg. Only Final Terms will need to be deposited with the SIX Prospectus Office.
• Governing Law: French Law
• Covenants: PP
• SIX Listing: 13-Jul-26
• Denomination: CHF 200,000 and multiples thereof
• Sales Restrictions: As per the Euro Medium Term Note Paris Registered Programme
• Target Market: Manufacturer target market (MiFID product governance) is eligible counterparties and professional clients (all channels for distribution channels). Public Offering in Switzerland only.
• Retail Restrictions: EEA & UK domiciled: Applicable Other: Subject to applicable regulations and restrictions
• Timing: Today's business, books can close at short notice