Commentary & Deal Flow

Spread set at:
2yr: 3mE+45bp - Books > €1.2bn (pre-rec at IPT)
4yr: MS+65bp - Books > €2.4bn (pre-rec at IPT)
6yr: MS+90bp - Books > €3.2bn (pre-rec at IPT)
9.1yr: MS+110bp - Books > €4.7bn (pre-rec at IPT)
12yr: MS+128bp - Books > €3.5bn (pre-rec at IPT)
20yr: MS+163bp - Books > €2.25bn (pre-rec at IPT)

IPTs: 2yr: 3mE+70a 4yr: MS+90a 6yr: MS+115a 9.1yr: MS+140a 12yr: MS+155a 20yr: MS+190a

• UoP: General corporate purposes and/or financing or refinancing of the acquisition of PTC Inc. (including the refinancing of the bridge facility)
• Active Bookrunners: CACIB / CIC CIB / HSBC (B&D) / IMI-Intesa Sanpaolo / Morgan Stanley / Société Générale (B&D)
• Schedule: Books open, today's business
• Issuer: Schneider Electric SE
• Ticker: SUFP
• Country: FR
• LEI: 969500A1YF1XUYYXS284
• Issuer Ratings: A2 by Moody's / A by S&P (stable / stable)
• Expected Instrument Ratings: A by S&P
• Format: Dematerialised Reg S Cat 2 Bearer
• Ranking: Senior Unsecured
• Pricing Date: 26-Oct-26
• Settlement Date: 02-Nov-26 (T+5)
• Size:
  • 2yr: € Benchmark
  • 4yr: € Benchmark
  • 6yr: € Benchmark
  • 9.1yr: € Benchmark
  • 12yr: € Benchmark
  • 20yr: €500m exp.
• Maturity Date:
  • 2yr: 02-Nov-28
  • 4yr: 02-Nov-30
  • 6yr: 02-Nov-32
  • 9.1yr: 02-Dec-35
  • 12yr: 02-Nov-38
  • 20yr: 02-Nov-46
• Coupon:
  • 2yr: Floating, Quarterly, ACT/360
  • 4yr: Fixed, Annual, ACT/ACT (ICMA)
  • 6yr: Fixed, Annual, ACT/ACT (ICMA)
  • 9.1yr: Fixed, Annual, ACT/ACT (ICMA) – long first
  • 12yr: Fixed, Annual, ACT/ACT (ICMA)
  • 20yr: Fixed, Annual, ACT/ACT (ICMA)
• Residual Maturity Call Option:
  • 2yr: 1-month par call
  • 4yr: 2-month par call
  • 6yr: 3-month par call
  • 9.1yr: 3-month par call
  • 12yr: 3-month par call
  • 20yr: 6-month par call
• Ref Benchmark:
  • 2yr: -
  • 4yr: OBL 2.2 10-Oct-30 (DE000BU25059)
  • 6yr: DBR 1.7 15-Aug-32 (DE0001102606)
  • 9.1yr: DBR 2.6 15-Aug-35 (DE000BU2Z056)
  • 12yr: DBR 1 15-May-38 (DE0001102598)
  • 20yr: DBR 2 ½ 15-Aug-46 (DE0001102341)
• Make-whole Redemption by the Issuer: - Yes (vs. Bund)
• Acquisition Event Call Option: - Applicable – in whole only
• Targeted Company: - PTC Inc.
• Acquisition Event Limit Date: - 04-Jan-28
• Acquisition Event Call – Optional Redemption Amount:
  • 2yr: -
  • 4yr: 100.50%
  • 6yr: 101%
  • 9.1yr: 101%
  • 12yr: 101%
  • 20yr: 101%
• Clean-Up Call: - Yes (75%)
• B&D:
  • 2yr: Société Générale
  • 4yr: Société Générale
  • 6yr: Société Générale
  • 9.1yr: HSBC
  • 12yr: HSBC
  • 20yr: HSBC
• Use of Proceeds: General corporate purposes and/or financing or refinancing of the acquisition of PTC Inc. (including the refinancing of the bridge facility)
• Documentation: EMTN programme dated 05-May-26, as supplemented on 30-Jun-26 and 21-Oct-26 (the "Base Prospectus") / Euronext Paris / French Law / Clearstream, Euroclear / CoC / €100k + €100k
• Joint Active Bookrunners: Crédit Agricole CIB, CIC CIB, HSBC, IMI-Intesa Sanpaolo, Morgan Stanley, Société Générale
• Selling Restrictions: As per Base Prospectus
• Target Market: EU MiFID / UK MiFIR Eligible Counterparties and Professional clients only (all distribution channels). No EU PRIIPs / UK PRIIPs key information document (KID) or UK CCI disclosure document has been prepared as not available to retail in EEA or in the UK
• Advertisement Language: The Base Prospectus, the Supplements and the Final Terms, when available, will be published on the website of the AMF (www.amf-france.org) and/or on the website of the company
• Marketing: An investor presentation, with audio voiceover, has been made available on DealRoadshow at https://dealroadshow.finsight.com| Entry Code: SUFP2026 (not case-sensitive) or direct link: https://dealroadshow.finsight.com/e/SUFP2026
• Timing: Today's business, books open
• Books Subject: 13:00 GMT / 14:00 CET