Commentary & Deal Flow

4yr: Final Books €1.4bn+. Peak book > €1.95bn (inc €25m JLM)

Benchmark: OBL 2.2% 10/30s #192 (HR: 101%)
Hedge Deadline: 13:45 UKT

Launched: 4yr: €750m @ MS+47bp - Book > €1.95bn (inc €25m JLM)
Book Update: Books > €1.5bn
IPTs: 4yr: MS+70/75bp

• Issuer: Svenska Handelsbanken AB (publ)
• Issuer LEI: NHBDILHZTYCNBV5UYZ31
• Issuer Ratings: Aa2/AA-/AA+ (Moody's/S&P/Fitch)
• Expected Ratings of the Notes: Aa2/AA-/AA+ (Moody's/S&P/Fitch)
• Status of the Notes: Senior Preferred Notes
• Ranking: Unconditional and unsecured
• Format: Reg S only, Bearer form, NGN, TEFRA D rules apply
• Use of Proceeds: General Corporate Purposes
• Currency: Euro ("EUR")
• Size: €750m
• Tranche: 4-yr FXD Senior Preferred
• Pricing Benchmark Reference: 4-year EUR Mid-Swap Rate (“€MS”).
• Pricing Date: 21-Oct-26
• Settlement Date: 28-Oct-26 (T+5)
• Maturity Date: 28-Oct-30 (4 years)
• Interest Basis / Rate: [•]%, Fixed Rate, per annum payable in arrear on each Interest Payment Date.
• Interest Payment Dates: 28 October every year, from and including 28-Oct-27, up to and including the Maturity Date
• Documentation: The Pricing Supplement will be produced based on the U.S.$50,000,000,000 Euro Medium Term Note Programme as described in the Offering Circular dated 6-Mar-26 (as supplemented from time to time)
• Listing: Application will be made to Euronext Dublin for the Notes to be admitted to the Official List and to trading on the GEM.
• Clearing: Euroclear/Clearstream, Luxembourg
• Governing Law: The Notes and any non-contractual obligations arising out of or in connection therewith, shall be governed by, and construed in accordance with, English law, except that the provisions contained in Condition 3 will be governed by, and shall be construed in accordance with, Swedish law
• Day count: Annual, ACT/ACT (ICMA)
• Business Days: T2
• Business Day Convention: Following Business Day Convention, unadjusted
• Denominations: EUR 100,000 + EUR 1,000 increments
• Joint Lead Managers: BofA Securities, Citi, Goldman Sachs Bank Europe SE, J.P. Morgan, Svenska Handelsbanken AB (publ), UBS
• ISINs / Common Codes: XS3551839635 / 355183963
• Selling Restrictions: As per the Offering Circular
• Target Market: Manufacturer target market (EU MiFID II product governance and UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU or UK PRIIPs Key Information Document (KID) has been prepared as not available to retail in the EEA or in the UK
• Schedule: Books open, today's business.
• Books Subject: 12:10 UKT / 13:10 CET
• B&D: UBS