Palmer Square European CLO 2026-1 DAC: 22 March 2026

The assets securing the Notes will consist of a portfolio of primarily Secured Senior Obligations, Unsecured Senior Obligations, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by Palmer Square Europe Capital Management LLC.

On 20 March 2026 (the Issue Date) Palmer Square European CLO 2026-1 DAC will issue Class A Senior Secured Floating Rate Notes due 2039, Class B Senior Secured Floating Rate Notes due 2039, Class C Senior Secured Deferrable Floating Rate Notes due 2039, Class D Senior Secured Deferrable Floating Rate Notes due 2039, Class E Senior Secured Deferrable Floating Rate Notes due 2039, Class F Senior Secured Deferrable Floating Rate Notes due 2039 and Subordinated Notes due 2039.

The Issuer anticipates that, by the Issue Date, it will have purchased or committed to purchase Collateral Obligations the Aggregate Principal Balance of which equals at least €475mln, representing 95.0% of the Target Par Amount.

The Notes (other than any Notes being sold directly by the Issuer to Palmer Square Europe Capital Management LLC or its Affiliates or any fund or account managed or advised by Palmer Square Europe Capital Management LLC or any of its Affiliates) are being offered by the Issuer through Merrill Lynch International in its capacity as initial purchaser of the offering of such Notes.

EU & UK Risk Retention: The Retention Holder (Palmer Square Europe Capital Management LLC) will undertake, as an originator, to subscribe for on the Issue Date and hold on an ongoing basis and for its own account, for so long as any Class of Notes remains outstanding, a material net economic interest of not less than 5% of the Principal Amount Outstanding of each Class of Notes.

US Risk Retention: The Issuer does not expect to be required to retain the Minimum Risk Retention Requirement pursuant to the US Risk Retention Rules provided, however, that the Collateral Manager in its capacity as Retention Holder will retain the Retention Notes on the Issue Date with the intention of complying with the Securitisation Regulations.