Commentary & Deal Flow

Spread set at: 4yr: MS+70bp - Books over €1.75bn (pre-reconciliation)
IPTs: 4yr: MS+95a

• Issuer: Leasys S.p.A. (ticker: LEASYS, country: IT)
• Issuer LEI code: 5493009CCXH3RNCA7U43
• Issuer Rating: A- (stable) by Fitch
• Exp. Issue Rating: A- by Fitch
• Format: Senior, Unsecured, Reg S Bearer
• Size: €650m (expected)
• Maturity: 27-Jul-30
• Spread set at: MS+70bp
• Books Subject: 12:30 UKT / 13:30 CET
• Settlement: 27-Jul-26 (T+5)
• Coupon: [•]% Fixed (Annual, Act/Act ICMA)
• UoP: General corporate purposes
• Documentation: EMTN – Base prospectus dated 17-Jul-26
• Issuer Call Option: 1 month par call
• Investor Put Option: CoC at 100%
• Governing Law: English law
• Listing: Euronext Dublin Regulated Market
• Denoms: €100k + €1k
• ISIN: XS3451580735
• Global Coordinator: Crédit Agricole CIB
• Joint Bookrunners: BBVA, Citi, Crédit Agricole CIB (B&D), IMI-Intesa Sanpaolo, ING, Mediobanca and UniCredit
• Target Market: Manufacturer target market (EEA MiFID II/UK MiFIR product governance) is Professional Clients and Eligible Counterparties only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK
• 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, the Supplements and the Final Terms, when published, will be available on the website of Euronext Dublin at https://www.euronext.com/en/markets/dublin
• Timing: Books open, today's business