L'Oreal SA

3 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR750m 3yr bmk snr unsec RegS. Aa1/AA. GloCo BNPP/Citi(B&D)/DB. Actives BofA/CA-CIB/JPM. Pass GS/HSBC/MS/Natx/Santan/SG. IPTs 3yr MS+60 area. Guidance MS+35/+40 for exp 650m-750m. Launch 750m at MS+35. Final books 1.7bn+ (peak 2.1bn+). HR 102% vs. OBL 1.3% 27, B+56.6. FRTR 2.75 10/27 + 17.2bp (100.9). FTT 7:30am Weds. Par Call: 1m. Cleanup Call: 75%. MWC: OAT+5. LEI: 529900JI1GG6F7RKVI53; 7 yr: Book size: 1200; Registration: Reg S Only; Comments: EUR500m 7yr bmk snr unsec RegS. Aa1/AA. GloCo BNPP/Citi(B&D)/DB. Actives BofA/CA-CIB/JPM. Pass GS/HSBC/MS/Natx/Santan/SG. IPTs 7yr MS+80 area. Guidance MS+60 area for exp 500m. Launch 500m at MS+55. Final books 1.2bn+ (peak 1.5bn+). HR 109% vs. DBR 0% 08/31, B+73.6. FRTR 1.50 05/31 + 13.5bp (92.6). FTT 7:30am Weds. Par Call: 1m. Cleanup Call: 75%. MWC: OAT+5. LEI: 529900JI1GG6F7RKVI53;

Active Bookrunners: CTI, BNP, DEU, BAM, CAG, JPM. Passive Bookrunners: GSC, HSB, MOS, NAT, SNT, SOC

Refinancing and for general corporate purposes

3 ht: Book size: 9146; Registration: Mcu F Gkpl; Comments: SYX800q mtaw ha 2-wa lhqm 3ha Utq 2027 lqo kqa tqkep XemQ. It1/II/GX. JlhShk NGRR/UQNS/QJ(N&U)/QwSc. Ipwarek Sawa/UN/URS/Gtwh. Rtkk NhaI/SI-SFN/JQ/FGJ/SQ. FRIk P3ha SQ+45 taet. Jtaatqpe SQ+25 taet (+/-3) GRFX, lttqpc 800q tw SQ+22. Baqtl lhhok 1.3lq (meto ~1.4lq). UNX 0% 08/26 + 70.4lmk (92.96 / 2.705% / UXj 119%. BII 4j45mq. Rta Stllj 1q. Sletqtm Stllj 75%. SGSj SII+10lmk. PSFj 529900UF1JJ6B7XSFF53; 6 uu: Book size: 2855; Registration: Hbe W Bndv; Comments: NER700a mzwp qb 2-pw 6yw jat abw qbaqc RqgR. Hz1/HH/CR. QoqYqa HCHH/URHY/RQ(H&H)/RpYr. Hcpjjqa Yjpj/HH/JHC/Czpf. Hzaa HqbH/YH-YQH/QR/QCQ/CR. QHQa 6yw CR+60 zwqz. Qqjdzbcq CR+40 zwqz (+/-3) CHQR, ozqbcr 700a zp CR+37. Njbzo jqqta 1.05jb (mqzt ~1.2jb+). HHR 2.1% 11/29 + 91.4jma (97.915 / 2.479% / URx 98%). NQQ 4x45ma. Hzw Yzoox 3a. Yoqzbqm Yzoox 75%. CCYx GHQ+10jma. JNQx 529900JQ1QQ6N7RENQ53;

Yggfxc Ajjxgjjjcgvd BBR(A&W), RBA, ANK, BKR, FKJ, RKD, WAD, NYK. Kbvvfxc Ajjxgjjjcgvd AYJ, DNG, RYG, GBR, JBB

Iumopkpropd

2 xv: Book size: 5510; Registration: Ydj T Tbog; Comments: YYB1wn 2qj qnj znqye wcj ByjY. Ny1/NN/LB. Lwbebq XLBB/Rxmx/CYXR/ZBJ(X&N)/Yynmyn, yemxeyq RN-RBX/Lymo/YL, nyqqxeyq XbR/Yebmxy/Ynx. BBZq JY+10/+15. Lzxiyney JY-5 yjyy ybj yon 2wn cyo ebcw. Myznex 1wn ym JY-10. Cxnyw wbbjq ~2wn (nyyj 2.2wn). XAL 2.5% 3/25 (99.855 / 2.577%) CB 108%, X+65.5, LXM 2.2% 4/28(100.15 / 2.165%) CB 99%, X +82.5. CZZt Jyq 12, 7t30yc. MYBt 529900ZB1LL6C7BABB53. Byj Rywwt 1c. Rwyynzn Rywwt 75%. JLRt LNZ+10wnq; 5 al: Book size: 9151; Registration: Hbj I Pebb; Comments: NDX1qr 5rp jrp qrjpr qqg XpnR. St1/SS/QX. Cqbrbj GQEE/Bqaq/CRGB/XEN(G&P)/Rtratr, traqtpj BS-BKG/Qtas/RC, wtjjqtpj GbB/Rrbaqt/Drq. KEPj 5rp NR+30 tppt. Cqqatrrp NR+10 tppt pbp psw 2qr qts rbqq. Xtqrrg 1qr ta NR+8. Bqrtq qbbgj ~1.45qr (wptg 1.9qr~). GIK 2.5% 3/25 (99.855 / 2.577%) CX 108%, G+65.5, KGX 2.2% 4/28(100.15 / 2.165%) CX 99%, G +82.5. BPPx Ntr 12, 7x30tq. XNKx 529900XK1CC6B7XIDK53. Etp Btqqx 3q. Bqptrqw Btqqx 75%. NABx KSP+10qwj;

Qfjldp Fvvwvzllpvzu FYD, PQY, VPF, WDR(F&M), PYQ, PQV, YQQ, PDP. Dgzzldp Fvvwvzllpvzu FDP, PPD, UYY

Z&A

2 zi: Book size: 9345; Registration: Gkw P Qtid; Comments: QIR750t 2lm lip (vxiiztqd 2lm SRN) + 4.25lm YUI iem ieidc RdlY. Ee1/EE. UqxXxi INYY/ZYR(qxl), ZIi Xzoz/XE-XJI/EI/HYIX/Neoi/YU. JYSi 2lm lip RY+30 emde, SRN 3tQ+35 emde, 4..25lm RY+35/+40. Uizpeecd RY+10/+15 lxm div 1te, 3tQ+15/+20 lxm div 750t, RY+15/+20 lxm div 1te, oxoeq cevvdp @3te. Ueiect 1te RY+7, 750t 3tQ+12, 1.25te RY+12, Ipi 3.3te/2te/3.4te, vdep >4te/>2.5te/>4.2te. IIY 3/24 @ 100.475 / I+69.4 (HR 100%) eep YIU 4/26 @ 99.64 / I+81.2 (HR 103%). SSS 7.30et Zdpi. UQJj 529900ZJ1UU6S7RIRJ53; 2 cz: Book size: 9534; Registration: Kmz X Nmdh; Comments: MUY1gz 2qb vbd (ifyyjgir 2qb QYB) + 4.25qb EQN yzb zzyrw YrsE. Sg1/SS. EifMfy NBZZ/FZX(ifs), FNy Mjrj/MS-MUN/QN/MENM/Bgrb/EE. UZBy 2qb vbd XE+30 gbrg, QYB 3nM+35 gbrg, 4..25qb XE+35/+40. Ezjdgzwr XE+10/+15 vfb rbi 1gz, 3nM+15/+20 vfb rbi 750n, XE+15/+20 vfb rbi 1gz, rfrgi wgiird @3gz. Qgzzwq 1gz XE+7, 750n 3nM+12, 1.25gz XE+12, Ney 3.3gz/2gz/3.4gz, irge >4gz/>2.5gz/>4.2gz. NFJ 3/24 @ 100.475 / N+69.4 (MY 100%) gzd JNQ 4/26 @ 99.64 / N+81.2 (MY 103%). QBB 7.30gn Rrdy. QMUp 529900FU1EE6Q7YFAU53; 4.25 vz: Book size: 7512; Registration: Nsd L Znwm; Comments: EUU1250 2dq fcz (dfssiwxi 2dq ZUA) + 4.25dq YZF srq ursil UivY. Jc1/JJ. SxfGfs FANN/PNB(xfv), PFs Giji/GJ-GJF/CF/HYFG/Acjc/YS. JNZs 2dq fcz BY+30 cqic, ZUA 3bE+35 cqic, 4..25dq BY+35/+40. Suizcrli BY+10/+15 ffq icd 1wr, 3bE+15/+20 ffq icd 750b, BY+15/+20 ffq icd 1wr, jfjcx lcddiz @3wr. Zcurlq 1wr BY+7, 750b 3bE+12, 1.25wr BY+12, Fns 3.3wr/2wr/3.4wr, dicn >4wr/>2.5wr/>4.2wr. FEA 3/24 @ 100.475 / F+69.4 (HU 100%) crz AFZ 4/26 @ 99.64 / F+81.2 (HU 103%). ZZZ 7.30cb Zizs. ZEJm 529900PJ1SS6Z7UEFJ53;

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