Offered To Retail; 35y Tenor; Callable After 5y; Pricing June 5; Initial 5y
Coupon 4.8%-5.6%; Re-enters Retail Bond Market ~2 Months After Prior Issue;
Trimmed USD10b Margin Loan Backed By OpenAI Stake; OpenAI Investment >USD60b;
CDS Widen ~70bps Since Start-2026