POPOLARE DI SONDRIO 2029 - 6,25% sub T2 call 5y

Issuer...........................Banca Popolare di Sondrio S.C.p.A.
LT Issuer Rating.................BB+ Stable by Fitch / BBBL Stable by DBRS
Exp. Issue Rating................BB- by Fitch / BB by DBRS
Status of the Notes..............Unconditional, subordinated unsecured
obligations of the Issuer, Tier 2
Format...........................Reg S Compliance Category 2, Bearer form, New
Global Note, TEFRA D (no communication with or
into the US), no sales to Canada
Size.............................EUR 300m(WNG)
Coupon...........................[•]% Fixed, Annual, Act/Act (ICMA) unadjusted,
long first, one time reset after year 5.25 to
prevailing 5-year Mid-Swap + First Margin
Guidance.........................3.875% area
Settlement Date..................25th November 2021 (T+5)
Maturity Date....................25th February 2032
Issuer’s Call....................As per Condition 5.4 of the Terms and Conditions for the Italian Law Notes, callable at par from and including 25th November 2026 to and excluding the First Reset Date (25th February 2027), subject to prior regulatory authorization (as per Condition 5.14 of the Terms and Conditions of the Italian Law Notes)
First Reset Date.................25th February 2027

han chiuso a 3.875%, reoffer 100

ISIN XS2411537033