Commentary & Deal Flow

Reoffer: 7NC6: SARON MS+103 / 100 / 1.3725%
Benchmark: 7NC6: Govt.+121

Spread set at: 7NC6: SARON MS+103bp - New min size CHF 200m
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 negative (Moody's) / A positive (S&P) / A+ stable (Fitch)
• Instrument Rating (exp): Baa2 (Moody's) / BBB (S&P) / A- (Fitch)
• Sustainability Rating: MSCI: AAA Sustainalytics Risk Score: 13.2 ISS ESG: C+ CDP: A
• Issue Size: CHF 205m
• Settlement Date: 15-Jul-26
• Optional Redemption Date: 15-Jul-32 (One time call date, 7NC6)
• Maturity Date: 15-Jul-33
• Coupon: 1.3725% p.a.
• Spread/Yield: SARON MS +103.0 // YTC 1.3725% // Govt.+121
• Issue Price: 100.00%
• ISIN / Security Number: CH1580409121 / 158'040'912
• 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