Commentary & Deal Flow

IPTs: 5.5yr: SARON MS+60/65bp 10yr: SARON MS+75/80bp

• Issuer: LGT Bank AG
• Issuer Rating: A1/A+ (Moody's/S&P)
• Expected Instrument Rating: A1/A+ (Moody's/S&P)
• Issuer Domicile: Liechtenstein
• Domestic / Foreign: Foreign (SBI Domestic segment expected)
• Format: Public Fixed-Rate Notes
• Ranking: Senior-Preferred
• Issue Size:
  • 5.5yr: Min. CHF 100m
  • 10yr: Min. CHF 100m
• Coupon:
  • 5.5yr: 1.100% p.a. (indicative) (30/360, following unadj.) (Short first coupon)
  • 10yr: 1.450% p.a. (indicative) (30/360, following unadj.)
• Maturity:
  • 5.5yr: 5 years 180 days (30-Sep-26 to 30-Mar-32)
  • 10yr: 10 years (30-Sep-26 to 30-Sep-36)
• Spread/Yield:
  • 5.5yr: SARON MS+60/65 // YTM 1.080% / 1.130% // Govt+81.6 / 86.6
  • 10yr: SARON MS+75/80 // YTM 1.435% / 1.485% // Govt+102.2 / 107.2
• Lead Manager(s): Deutsche Bank, ZKB, LGT (JLNB)
• SNB Repo-eligibility: At the discretion of the SNB, expected no
• Documentation: Under the € 5,000,000,000 EMTN Programme, dated 22-May-26, as supplemented from time to time. The provisions hereof are subject entirely to the Terms and Conditions set forth in the Listing Prospectus.
• FinSA Prospectus: Delayed prospectus approval in accordance with Article 51(2) FinSA
• Governing Law: English law
• Covenants: PP, XD
• SIX Listing: 29-Sep-26
• Denomination: CHF 100,000 and multiples thereof
• Selling Restrictions: United States and US persons, European Economic Area, United Kingdom, Principality of Liechtenstein, Belgium, Hong Kong, Singapore and Japan, as per the Issuer's EMTN Programme.
• Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients (all channels for distribution), subject to applicable selling restrictions. Public Offering in Switzerland only.
• Timing: Today's business, books can close at short notice
• Settle: 30-Sep-26 (T+15)