| Issuer / Guarantor | Lagfin SCA |
|---|---|
| Size | EUR 600mn |
| Type | Exchangeable into Campari |
| Leads | Goldman Sachs, UBS |
| Maturity | 07 Aug 2033 (7 years) |
| Coupon | 3.125% (2.875 - 3.375%) |
| Premium | 42.5% (40 - 45%) |
| Calls | @ 100% from Aug 2031 (5 yrs); 130% trigger |
| Puts | 5yrs @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | K-squared formula |
| CoCo | None |
| Announced | 30 Jul 2026 |