XP 3.250% 01Jul2026 Corp (USD)

Bond Factsheet

Matured/ Called

XP Inc

Indicative

Full Lot

Bid Price

99.359

Change in Bid Price

0.026

Bid Yield (%)

Change in Bid Yield

Ask Price

100.026

Change in Ask Price

0.131

Ask Yield (%)

Change in Ask Yield

Indicative price as of 24 Jun 2026, 12:00am

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Bond Information

XP Inc. operates as an investment management company. The Company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil.

Bond Issuer

XP Inc

Guarantor

XP Investimentos SA

Announcement Date

24 Jun 2021

Issue Date

01 Jan 2022

Maturity Date

01 Jul 2026

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

98.862

Issue / Reoffer Yield

3.500

Coupon Type

Fixed

Annual Coupon Rate

3.250

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

USG98239AA72

CUSIP

BQ2509439

Bond Currency

USD

Total Issue Size

750,000,000

Outstanding Issue Size

432,762,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ BB

Bond Credit Rating (S&P/ Fitch)

***/ BB

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

Optional Redemption at Par

At any time on or after the Par Call Date, the issuer has the right to redeem the notes, in whole or in part and from time to time, at a redemption price equal to 100.000% of the principal amount of the notes being redeemed plus accrued and unpaid interest and additional amounts, if any, on the principal amount of the notes being redeemed to, but excluding, such redemption date.

Par Call Date: June 1, 2026

Make Whole Call

Optional Redemption with Make Whole Premium

At any time before June 1, 2026 (which is the date that is one month prior to the maturity of the notes (the “Par Call Date”)), the notes will be redeemable, at the option of the issuer, in whole or in part from time to time, at a redemption price equal to the greater of the following amounts, plus accrued and unpaid interest and additional amounts, if any, to, but excluding, the redemption date:

• 100% of the principal amount of the notes to be redeemed; and
• the sum of the present values, calculated as of the redemption date, of the Remaining Payments.

In determining the present values of the Remaining Payments, such payments will be discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate plus 50 basis points.

Change Control Put

Purchase of Notes Upon Change of Control Event

Not later than 30 days following a Change of Control that results in a Rating Decline, the issuer will make an Offer to Purchase all outstanding notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest thereon and additional amounts, if any, to, but excluding, the purchase date.

Change of Control” means the occurrence of one or more of the following events:

(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the issuer and its Subsidiaries taken as a whole to any person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act)) other than to one or more of the Permitted Holders and other than pursuant to any such transaction in which immediately after the consummation thereof, the voting power of the issuer’s outstanding Voting Stock immediately prior to such consummation constitutes or is converted into or exchanged for more than 50% of the voting power of the outstanding Voting Stock of such person; provided that so long as the issuer is a Subsidiary of any direct or indirect parent company, no person or group of persons shall be deemed to be or become a beneficial owner of more than 50% of the outstanding Voting Stock of the issuer unless such person or group of persons shall be or become a beneficial owner of more than 50% of the outstanding Voting Stock of such parent company; or

(2) the consummation of any transaction (including without limitation, any merger or consolidation) the result of which is that any person (including any “person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders) is or becomes the “beneficial owner” (as such term is used in Rule 13d-3 under the Exchange Act) of more than 50% of the outstanding Voting Stock of the issuer (or the entity resulting from such merger or consolidation) measured by voting power rather than number of shares; provided that so long as the issuer is a Subsidiary of any direct or indirect parent company, no person or group of persons shall be deemed to be or become a beneficial owner of more than 50% of the voting power of the total outstanding Voting Stock of the issuer unless such person or group of persons shall be or become a beneficial owner of more than 50% of the voting power of the total outstanding Voting Stock of such parent company.

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