Commentary & Deal Flow

Launched: 4yr: €750m @ MS+63bp - Books > €1.95bn (pre-rec)
Spread set at: 4yr: €750m @ MS+65bp - Books in excess of €1.85bn
IPTs: 4yr: MS+90a

• Issuer: Continental AG
• Issuer LEI: 529900A7YD9C0LLXM621
• Issuer Rating: Baa2 (stable) by Moody's, BBB (stable) by S&P, BBB (stable) by Fitch
• Expected Issue Rating: Baa2 by Moody's, BBB by Fitch
• Format: Senior Unsecured, Reg S Bearer Bond
• Size: €750m
• Ranking: Senior Unsecured
• Tenor: 4-year
• Maturity Date: 27-Aug-30
• Settlement: 27-Aug-26 (T+7)
• Coupon: Fixed, Annual, Act/Act (ICMA)
• ISIN: XS3478305777
• Documentation: DIP / Lux. Listing / German Law / Tax Call / 1m Par Call / Clean-up Call (80%) / CoC Put (at 100%)
• Denomination: €1,000 - minimum purchase amount of €100,000 in the primary market
• Selling Restrictions: As set out in Continental's Debt Issuance Programme Base Prospectus dated 12-May-26, as supplemented on 17-Aug-26
• Use of Proceeds: General Corporate Purposes
• Target Market: Manufacturer target market (MIFID II/ UK MiFIR product governance) is eligible counterparties, professional and retail clients, each having (1) at least basic knowledge and/or experience with financial products, (2) a medium-term investment horizon, (3) asset accumulation as investment objective, (4) the ability to bear no loss / small losses and (5) the risk tolerance and compatibility of the risk/reward profile corresponding to 3 as Summary Risk Indicator (SRI). (In each case advisory business, execution only, non-advisory business and asset management as distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not a PRIIP.
• Joint Bookrunners: Bank of China, BNP Paribas (B&D), Commerzbank, Crédit Agricole CIB
• Co-Leads: DBS, Helaba
• 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 any supplements are available and the Final Terms, when published, will be available at: https://www.LuxSE.com
• Books Subject: Books subject at 12:15 UKT / 13:15 CET
• Timing: Books open, today's business