BTP Più- First Issue

Distribution

• Distribution Period: from Monday, February the 17th until Friday, February the 21st 2025 (until 13.00), with one phase (which may be reduced in the case of early closure) will be reserved to individual investors and other entities with the same nature.
• Settlement date for trades executed during the Placement Period: 25th February 2025
• Dealers selected by the Issuer for the distribution: Intesa Sanpaolo S.p.A. and Unicredit S.p.A. 
• Fixed price for trades executed during the Placement Period (Issue price): 100%
• Coupon: the coupons will be set on the basis of a pre-set path of increasing rates over time ("step-up" mechanism).
• Placement methods: continuous trading phase only from 9.00 till 17.30 (no opening auction phase) ending at 13.00 on the fifth day of distribution, except for early closure.
• Orders: that can be entered by the Market participants: buy orders only like market orders. Validity types: Good-till-Cancel (GTC).
• Minimum lot purchasable: 1,000 Euro.  
• Redemption: at maturity or faculty of the noteholder to request early redemption after 4 years. The option for early redemption is provided only for those who purchase the bond during the placement period and hold it until the exercise date of the option.
• Guaranteed interest rates: 2.85% for the 1°, 2°, 3° and 4° year; 3.70% for the 5°, 6°, 7° and 8° year;
• Outstanding:  14,905,670,000 Euro