Turin - Milan, 26 September 2017Intesa Sanpaolo announces that the offering period relating to the subordinated Tier 2 bond issue targeted at qualified investors and high-net-worth individuals on the domestic market ended on 21 September 2017 with the assignment of a nominal amount of €723,700,000. The issue was announced on 28 August 2017.

It is a 7-year, floating rate bond issue to be redeemed in whole at maturity.

The coupon, payable quarterly in arrears on 26 March, 26 June, 26 September and 26 December of each year, from 26 December 2017 to 26 September 2024, is equal to 3-month Euribor rate plus 190 basis points per annum.

The offer price is 100%.

The settlement date is 26 September 2017.

The minimum denomination of each bond is €100,000.

The Issuer has not produced any offering prospectus as this offer is not subject to Part IV, Title II, Chapter I of the Legislative Decree 58 of 24 February 1998 (TUF – Consolidated Law on Finance), as amended and supplemented from time to time, in compliance with Article 100, paragraph 2 of the TUF and Article 34-ter, paragraph 1, letter e) of Consob Resolution 11971/99 (the Issuers’ Regulation) as amended and supplemented from time to time.

The bond will be traded on the Multilateral Trading Facility denominated EuroTLX, organized and managed by EuroTLX SIM S.p.A..

The ratings assigned to Intesa Sanpaolo’s senior long-term debt are: Baa1 by Moody’s, BBB- by S&P Global, BBB by Fitch e BBB (high) by DBRS

This communication does not constitute an offer or an invitation to subscribe for or purchase any securities.  The securities have not been and will not be registered under the United States Securities Act of 1933 (as amended) (the "Securities Act").  The securities may not be offered, sold or delivered within the United States or to “U.S. persons” (as defined in Regulation S under the Securities Act) as part of their initial offering.  The securities may be initially offered and sold only outside the United States in reliance on Regulation S under the Securities Act and subsequent resales may be made only in accordance with applicable law. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.

This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.



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