| Issuer / Guarantor | K+S AG |
|---|---|
| Size | EUR 320mn |
| Type | Convertible |
| Leads | Commerzbank, Oddo, HSBC |
| Maturity | 16 Jun 2031 (5 years) |
| Coupon | 0.625% (0.375 - 0.875%) |
| Premium | 35% (30 - 35%) |
| Calls | @ 100% from Jul 2029 (3.1 yrs); 130% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 09 Jun 2026 |