Commentary & Deal Flow

Reoffer: 4.5yr: MS+82bp / 99.829 / 4.248%
Benchmark: 4.5yr: OBL 2.5 16-Apr-31 @ 97.236 / B+107.9bp / HR 99%

Tranche 1 (4.5yr): Final Books over €1.7bn (excl JLMs). Peak book above €2bn (excl JLMs)

Launched: 4.5yr: €750m @ MS+82bp - Books above €2bn (excl JLMs)
Book Update: Books above €1.5bn (excl JLMs)
IPTs: 4.5yr: MS+105a

• Issuer: Skandinaviska Enskilda Banken AB (publ) (SEB)
• LEI: F3JS33DEI6XQ4ZBPTN86
• Issuer Credit Rating: Aa3 / AA- / AA+ (Stable / Stable / Stable) (Moody's / S&P / Fitch)
• Exp. Ratings: A2 / A / AA- (Moody's / S&P / Fitch)
• Offering Format: Reg S only, NGN, Bearer form, TEFRA D rules apply (no communications with or into the U.S. or Canada)
• Status of the Notes: Senior Non-Preferred Notes, Unsecured
• Ranking Condition: Condition 3A.02 applies (Status - Senior Notes - Senior Non-Preferred Notes)
• Trade Date: 27-Oct-26
• Settlement Date: 03-Nov-26 (T+5)
• Maturity Date: 02-May-31
• Size: €750m
• Reoffer: MS+82bps / yld 4.248% / px 99.829
• Ref Benchmark: +107.9bps vs OBL 2.5 16-Apr-31 px 97.236 - HR 99%
• Coupon: Fixed 4.200%, Annual, ACT/ACT (ICMA), short first coupon
• Early Redemption: Upon occurrence of an Eligible Liabilities Event (Condition 5.15) or a Tax Event (Condition 5.02) subject to conditions to redemption
• Events of Default: Condition 6B applies
• Waiver Set-Off: Condition 3C applies
• Denominations: €100k x 1k
• ISIN: XS3552902630
• Clearing: Euroclear / Clearstream
• Listing: Euronext Dublin (Regulated Market)
• Law: English law, except provisions related to the Status of the Notes which shall be governed by Swedish law
• Bail-in and Loss Absorption Power: Applicable
• Documentation: SEBs Global Programme for the Continuous Issuance of Medium Term Notes and Covered Bonds (the Programme) with information memorandum dated 12-Jun-26, as supplemented on 21-Oct-26 (together, the Information Memorandum)
• UOP: An equivalent amount to the net proceeds will be used in accordance with SEBs Green Bond Framework 2025
• Selling Restrictions: As per the Programme
• Fees: The Joint Bookrunners will be paid a fee by the Issuer in respect of the placement of the Notes
• Target Market: 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 DISC disclosure document has been prepared as not available to retail in EEA or the UK
• Joint Bookrunners: Credit Agricole CIB, HSBC, ING (B&D), J.P. Morgan, SEB
• Timing: TOE: 15:10 CET / FTT: Immediately
• Advertisement: The Information Memorandum is available, and the Final Terms, when published, will be available at https://sebgroup.com/investor-relations/debt-investors