Expected Issue Ratings: Aa2 / AA- / AA by Moody's / S&P / Fitch
Status of the Notes: Senior Preferred Notes constituting direct, unsecured, unguaranteed and unsubordinated obligations of the Issuer
Waiver of set-off: No Holder of the Notes shall be entitled to exercise any right of set-off, netting or counterclaim against moneys owed by the Issuer in respect of such Notes
Issue Size: € Benchmark
Pricing Date: 17-Aug-26
Settlement Date: 24-Aug-26 (T+5)
Maturity Date: 24-Aug-33 (7 year)
Coupon: [•]% Fixed, Annual, payable in arrear
Day Count Fraction / Business Day Convention: Act/Act (ICMA) / Following, unadjusted
Business Days: T2, London
Clean-up Call Option: Applicable, if the outstanding principal amount of the Notes is 25% or less of the nominal amount originally issued
Early redemption: The Issuer may redeem the Notes as a result of a Withholding Tax Event, a Tax Event, or an MREL Disqualification Event
Substitution and variation: Condition 17 (Substitution and Variation) applies
Events of Default: Restricted Events of Default
Documentation: Issuer's Euro Medium Term Note Programme dated 8-May-26
Denominations: €100k + €1k
Form: Bearer Notes; NGN
Governing law: Finnish Law
Acknowledgement of Bail-in and Loss Absorption Powers: Condition 19 (Acknowledgement of Bail-in and Loss Absorption Powers) applies
Use of Proceeds: General banking and other corporate purposes
Target Market: Manufacturer target market (EU MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) or UK DISC disclosure document has been prepared as the Notes are not available to retail in the EEA or the UK
Fees: The joint bookrunners will be paid a fee in connection with the transaction
Selling Restrictions: As per the Issuer's Euro Medium Term Note Programme. Reg S Cat 2, TEFRA D