Commentary & Deal Flow

Guidance: 6yr: MS+80+/-5bp (WPIR) - Books > €1.55bn (pre-rec)

IPTs: 6yr: MS+105a

• Issuer: SGS Finance B.V.
• Ticker: SGSNVX
• Country: NL
• Guarantor: SGS SA (Country: CH)
• Issuer LEI: 213800UDSB4F8FCRUW30
• Guarantor LEI: 2138007JNS19JHNA2336
• Guarantor Rating: A3 (stable) by Moody's
• Expected Issue Rating: A3 (Moody's)
• Format: Reg S, CAT2, Senior Unsecured, New Global Note
• Trade Date: 21-Sep-26
• Settlement Date: 28-Sep-26 (T+5)
• Maturity: 28-Sep-32
• Size: € Benchmark
• Coupon: Fixed, Annual, ACT/ACT (ICMA)
• Payment Days: Following, unadjusted
• Early Redemption: 3m Par Call, MWC, Clean-up Call (75%), Tax call, CoC Put at par
• Docs: Standalone € documentation, including a Preliminary Prospectus dated 21-Sep-26. Prospectus approval post settlement only, in accordance with art. 51 FinSA / SIX Swiss Exchange / Swiss Law
• Denoms: €100,000 and integral multiples of €1,000 up to and including €199,000
• UoP: General corporate purposes including repayment of existing debt
• Target Market: The 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 Consumer Composite Investments (CCI) document has been prepared as not available to retail investors in the EEA or UK.
• Selling Restrictions: The Bonds are subject to restrictions on their offering, sale and delivery both generally and specifically in the United States and to U.S. persons, the EEA, the UK, Singapore and Canada, in each case as described under "Subscription and Sale—Selling Restrictions" in the preliminary prospectus.
• Global Coordinators: Citigroup (B&D), UBS
• Other Joint Bookrunners: BNP Paribas, CIC CIB, HSBC, J.P. Morgan, Societe Generale
• Availability of Documents: Copies of the Preliminary Prospectus and the Final Prospectus (once available) (including the documents incorporated by reference) are available in electronic or printed form, free of charge, upon request at UBS AG, Investment Bank, Swiss Prospectus Switzerland, P.O. Box, 8098 Zurich Switzerland, or can be ordered by telephone +41-44-239 47 03 (voicemail), by e-mail swiss-prospectus@ubs.com
• Schedule: Books open, Today's business
• Books Subject: 13:10 UKT / 14:10 CET