Commentary & Deal Flow

Tranche 1 (2yr): Final Books >€2.1bn. Peak book >€2.1bn

Launched: 2yr: €500m @ MS+97bp - Books over €1.9bn (pre-rec, at guidance)
IPTs: 2yr: MS+125/130bp

• Issuer: Banque Stellantis France (Ticker: BSTLAF, Country: France)
• Legal Entity Identifier: 969500JK1O192KI3E882
• Issuer Ratings: A3 (Positive) by Moody's / BBB+ (Stable) by S&P
• Expected Issue Ratings: A3 by Moody's / BBB+ by S&P
• Format: Senior Preferred, Unsecured, Reg S Bearer (Cat2), Dematerialised
• Currency / Size: €500m
• Settlement Date: 10-Nov-26 (T+5)
• Maturity: 10-Nov-28 (2yr)
• Coupon: [●]% Fixed, Annual, Act/Act (ICMA) Following Unadjusted
• Denoms: €100k x €100k
• Docs: EMTN / Euronext Paris / French Law / 1m Par call / MWC
• Global Coordinator: Santander (B&D)
• Joint Active Bookrunners: HSBC / Lloyds / Santander / SMBC / UniCredit
• UoP: General corporate purposes
• Target Market: Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No Sales to EEA and UK Retail. No PRIIPs KID has been prepared as not available to EEA and UK Retail
• Selling Restrictions: As set out in the Base Prospectus
• Advertisement: Base Prospectus dated 23-Jul-26 as available on https://www.banque-stellantis-france.com/en/results-financial-documentation-debt-issurance-programs/debt-programs
• Timing: Today's business
• ISIN: FR001401C2Q2
• Books Subject: 12:20 UKT / 13:20 CET
• Hedge Deadline: 15.15 UKT / 16.15 CET
• HR: 101% vs OBL 2.40% 19-Oct-28