Company: AEGOF
Filing Date: 2025-05-15
Form Type: F-3ASR
Source: 0001193125-25-120338
Chunk: 21

Company: AEGON LTD.
Filing Date: 2025-05-15
Form: F-3ASR
Chunk 21
---
 subordinated debt securities; |

| • |     | the tier of the debt securities under the Bermuda solvency regime; |

| • |     | the places at which payments of principal and interest are payable; |

| • |     | the terms of any optional or mandatory redemption or clean-up call 
 option, including the price for the redemption or option;          |

| • |     | any sinking fund provisions; |

| • |     | the terms of any payments on the debt securities that will be payable in foreign currency or currency units or 
 another form;                                                                                                  |

| • |     | the terms of any payments that will be payable by reference to any index or formula; |

20

| • |     | any changes or additions to the events of default or covenants described in this prospectus; |

| • |     | whether debt securities will be issued as discount securities and the amount of any discount; |

| • |     | whether the debt securities will be represented by one or more global securities; |

| • |     | whether the debt securities will be issued in registered or bearer form, and any restrictions that may apply; |

| • |     | any terms for the conversion or exchange of the debt securities for other securities of Aegon Group companies or 
 any other entity (including any related cash-out option);                                                        |

| • |     | any tax call provisions; and |

| • |     | any other terms of the debt securities. |

We have the ability under the indenture to “reopen” a previously issued series of debt securities and issue additional debt securities of that series or establish additional terms of the series. We are also permitted to issue debt securities with the same terms as previously issued debt securities. Unless otherwise indicated in the related prospectus supplement or, if applicable, the pricing supplement, the debt securities will not be listed on any securities exchange. The senior debt securities will be unsecured, unsubordinated indebtedness and will rank equally with all other unsecured and unsubordinated debt of their issuer. The subordinated debt securities will be unsecured indebtedness and will be subordinated in right of payment to existing and future senior debt of their issuer as set forth in the related prospectus supplement or, if applicable, the relevant pricing supplement. See “— Subordination” below. Some of the debt securities may be sold at a substantial discount below their stated principal amount. These debt securities will either bear no interest or will bear interest at a rate which at the time of issuance is below