Fixed Reset Rate of Interest: 1 Year MS + Margin, per annum. Interest will be calculated on the basis of Actual/Actual
Interest Payment Dates: From (and including) the Interest Commencement Date to (but excluding) the Optional Redemption Date, interest on the Notes will accrue at the Initial Rate of Interest and will be payable annually in arrear on 21 October in each year from (and including) 21-Oct-27, up to (and including) the Optional Redemption Date. From (and including) the Optional Redemption Date to (but excluding) the Maturity Date, interest on the Notes will accrue at the relevant Fixed Reset Rate of Interest and will be payable annually in arrear on 21-Oct-32
Day Count Fraction: Act/Act ICMA
Business Day Convention: Following, Unadjusted
Early Redemption For Taxation Reasons: For tax reasons as per Condition 8(b)(A) subject to Condition 8(l)
Events of Default: No Events of Default, limited Enforcement Events as described in the Prospectus
MREL Substitution/Variation Option: Applicable as per Condition 8(k) subject to Condition 8(l)
MREL Disqualification Event Redemption Option: Applicable as per Condition 8(d) subject to Condition 8(l)
Waiver Set-off: No Noteholder shall be entitled to exercise any right of set-off or counterclaim in respect of the Notes
Statutory Loss Absorption: Each Noteholder acknowledges that the Notes may be subject to Danish Statutory Loss Absorption Powers
Denominations: €100k + €1k
Listing: Euronext Dublin (regulated)
Clearing: Euroclear / Clearstream
Governing Law: Danish law
Call Option: The Issuer may redeem the Notes in whole on the Optional Redemption Date as per Condition 8(e)(subject to Condition 8(I))
Documentation: EUR 10,000,000,000 Euro Medium Term Note Programme Base Prospectus dated 21-Apr-26 (the Base Prospectus)
Selling Restrictions: As per the Base Prospectus
MIFID Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is Professional Clients and Eligible Counterparties 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 EEA or in UK
Use of Proceeds: General banking and other corporate purposes
Bookrunners: BofA Securities, Deutsche Bank, Erste Group, Jyske Bank, Morgan Stanley, Nordea