Federal Home Loan Bank of Indianapolis

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The Federal Home Loan Bank of Indianapolis (we) has or will become the primary obligor on the settlement date for certain consolidated obligation bonds committed to be issued by the Federal Home Loan Banks (the FHLBanks), with maturities of one year or more. The following table sets forth certain details of the relevant bonds. Trade Date CUSIP Settlement Date Maturity Date Next Pay Date Call Type1 Call Style2 Rate Type/ Rate Sub-Type3,4 Next Call/Amort Date Coupon Percent FHLBank Par ($) 9/16/2026 3130BCBE2 9/30/2026 9/18/2031 3/18/2027 Optional Principal Redemption Bermudan Fixed Constant 12/18/2026 5.500 $10,000,000 9/16/2026 3130BCBT9 9/17/2026 9/17/2027 3/17/2027 Non-Callable Fixed Constant 4.375 $940,000 9/16/2026 3130BCBW2 9/29/2026 6/29/2029 3/29/2027 Optional Principal Redemption Bermudan Fixed Constant 9/29/2027 5.000 $15,000,000 9/16/2026 3130BCBW2 9/29/2026 6/29/2029 3/29/2027 Optional Principal Redemption Bermudan Fixed Constant 9/29/2027 5.000 $10,000,000 9/17/2026 3130BCC27 9/29/2026 9/25/2028 3/25/2027 Optional Principal Redemption Bermudan Fixed Constant 3/25/2027 4.875 $15,000,000 9/17/2026 3130BCC35 10/6/2026 12/6/2027 4/6/2027 Optional Principal Redemption Bermudan Fixed Constant 4/6/2027 4.650 $50,000,000 9/18/2026 3130BCCY7 9/21/2026 10/20/2027 3/22/2027 Optional Principal Redemption European Fixed Constant 9/22/2027 4.565 $150,000,000 9/18/2026 3130BCCZ4 9/28/2026 9/28/2029 3/29/2027 Optional Principal Redemption Bermudan Fixed Constant 9/28/2027 5.100 $15,000,000 9/18/2026 3130BCCZ4 9/28/2026 9/28/2029 3/29/2027 Optional Principal Redemption Bermudan Fixed Constant 9/28/2027 5.100 $10,000,000 (1) Call/Amortization Type Description: Optional Principal Redemption Bonds (Callable Bonds) may be redeemed by the FHLBank in whole or in part at its discretion on predetermined call dates, according to the terms of the bond. Indexed Amortizing Notes (Indexed Principal Redemption Bonds) repay principal based on a predetermined amortization schedule or formula that is linked to the level of a certain index, according to the terms of the bond. Scheduled Amortizing Notes repay principal based on a predetermined amortization schedule, according to the terms of the bond. (2) Call Style Description: Indicates whether the bond is redeemable at the option of the FHLBank, and if so redeemable, the type of redemption provision. The types of redemption provisions are: American Bonds are redeemable continuously on and after the first redemption date until maturity. Bermudan Bonds are redeemable on specified recurring dates on and after the first redemption date until maturity. European Bonds are redeemable on a particular date only. Canary Bonds are redeemable on specified recurring dates on and after the first redemption date until a specified date prior to maturity. Multi-European Bonds are redeemable on particular dates only. (3) Rate Type Description: Conversion Bonds have coupons that convert from fixed to variable, or variable to fixed, or a mix of capped coupons and non-capped coupons, or from one variable type to another, or from one U.S. or other currency index to another, according to the terms of the bond. Fixed Bonds generally pay interest at constant fixed rates over the life of the bond, according to the terms of the bond. Variable Bonds may pay interest at different rates over the life of the bond, according to the terms of the bond. (4) Rate Sub-Type Description: Constant Bonds generally pay interest at fixed rates over the life of the bond, according to the terms of the bond. Step Down bonds generally pay interest at decreasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond. Step Up bonds generally pay interest at increasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond. Step Up/Down bonds generally pay interest at various fixed rates for specified intervals over the life of the bond, according to the terms of the bond. Capped Floater bonds have an interest rate that cannot exceed a stated or calculated ceiling, according to the terms of the bond. Stepped Floater bonds pay interest based on an increasing spread over an index, according to the terms of the bond. Range bonds may pay interest at different rates depending upon whether a specified index is inside or outside a specified range, according to the terms of the bond. Single Index Floater Bonds pay interest at a rate that increases as an index rises and decreases as an index declines, according to the terms of the bond. Ratchet Floater bonds pay interest subject to increasing floors, according to the terms of the bond, such that subsequent coupons may not be lower than the previous coupon. Consolidated Obligations Consolidated obligations consist of bonds and discount notes and are the joint and several obligations of the FHLBanks. Consolidated obligations are [MA1] not guaranteed by the United States government. We may elect to change our method of reporting information on the issuance or assumption of consolidated obligations at any time. In reviewing this report, please note: • we do not purport to disclose the complete set of terms and conditions of the relevant bonds; • a reader will not be able to track changes in the total consolidated obligations outstanding for which we are the primary obligor because we exclude consolidated obligations which have a maturity of one year or less and do not provide information regarding the specific use of the proceeds from their issuances, which proceeds may be used, among other things, to satisfy called or maturing consolidated obligations; and • the principal amounts of the relevant bonds represent their par amounts, which may not correspond to the amounts reported in our financial statements prepared in accordance with generally accepted accounting principles contained in our periodic reports filed with the Securities and Exchange Commission, because the par amounts do not account for, among other possible reasons, any discounts, premiums or concessions.