• Banco BPM to issue €400 million of 6.75% Additional Tier 1 Notes on October 21, 2026, at 100% of principal.
• The perpetual notes are first callable on October 21, 2032, subject to regulatory approval.
• Interest resets every five years from that date to the five-year mid-swap rate plus a 3.38% margin.
• Payments are discretionary and non-cumulative; principal faces mandatory write-down if the issuer’s or group’s CET1 ratio falls below 5.13%.
• Expected ratings are BB- from Fitch and BB from Morningstar DBRS.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco BPM S.p.A. published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.