Nordea Bank AB (publ) issues 11 new turbo warrant series on 25 October 2010

22.10.10 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 11 new turbo warrant series on 25 October 2010 under its warrant programme. The underlying asset of the turbo warrants are Nokia Oyj (NOK1V), Fortum Oyj (FUM1V), UPM-Kymmene Oyj (UPM1V), Stora Enso Oyj (STERV) and Sampo Oyj (SAMAS) shares and DAX index. The warrants are call and put turbo warrants. The turbo warrants are redeemed by cash payment. Upon expiry of a turbo warrant, the possible net value is paid in cash to the holder of the warrant.

Warrant specific terms and conditions

All turbo warrants are issued under the warrant programme of Nordea Bank AB (publ) dated 6 October 2010.  The base prospectus for the warrant programme and the final terms for each turbo warrant serie are available at the issuer’s website:www.nordea.fi/warrantit. The following terms only summarize the final terms and the base prospectus.

IssuerNordea Bank AB (publ)
Instrument nameTurbo Warrant (call / put)
Underlying assetNokia Oyj (NOK1V) Fortum Oyj (FUM1V), UPM-Kymmene Oyj (UPM1V), Stora Enso Oyj (STERV) and Sampo Oyj (SAMAS) shares and DAX index
Barrier Reference PriceMost recent transaction prices during continuous trading quoted on a Reference Source commencing from the Listing Date up to and including the Closing Date. The Bank reserves the right to determine whether a level is reasonable and may thereby constitute a Barrier Reference Price.
Cash Settlement amount

 

For Turbo Call Warrants:
(Closing Price – Strike Price) x Multiplier 
If the Closing Price is equal or lower than the Strike Price, no Cash Settlement Amount is paid out.

 

For Turbo Put Warrants: 
(Strike Price – Closing Price) x Multiplier
If the Closing Price is equal to or higher than the Strike Price, no Cash Settlement Amount is paid out. 

Closing PriceReference Price on Closing Price Determination Date (see more information in the Final Terms of the Turbo Warrants).
Closing Price Determination DateIn case of Share:
Official Closing price on Final Trading Day.

 

In case of Index:
Final Settlement Price provided by EUREX

Expiration date /
Final trading day
The earlier of Expiration Date in Final Terms,  Table 2 or for:

 

Turbo Call Warrants: The trading day with respect to which a Barrier Reference Price is listed equal to or lower than the Barrier Level.

Turbo Put Warrants: The trading day with respect to which a Barrier Reference Price is listed equal to or higher than the Barrier Level.

Market placeNasdaq OMX Helsinki Ltd
Reference SourceIn case of Share:
Nasdaq OMX Helsinki Ltd

 

In case of Index:
EUREX

Reference price determination methodClosing Price on Closing Price Determination Date

 

 

Exercise procedureThe Bank carries out automatic cash settlement
Listing currencyEUR
Trading lot1 warrant
Total number of warrants500 000 – 1 000 000
Market makerNordea Bank Finland Plc operates as the Market Maker.

 

Nordea Bank Finland Plc undertakes to provide bid and ask quotation for the warrants during the time the warrants are subject to trading on a regulated market, multilateral trading facility or other marketplace. The undertaking is valid in the continuous trading of the regulated market, multilateral trading facility or other marketplace.

The difference between bid and ask quotation is at the most:

10 cent, if the ask quotation is less than EUR 2.00
20 cent, if the ask quotation is more than or equal to EUR 2.00

Quotations concern a minimum of one thousand warrants. No bid quotation is given for warrants the market value of which is less than one (1) cent. Market Maker is entitled to define the values of the parameters affecting the market making quotation. Market Maker is not liable to maintain its duties as Market Maker, if trading with the underlying securities has ceased.

Market Maker reserves the right to temporarily decline to quoting bid and ask prices during a period in which the Market Maker hedges its own position in an Underlying Assets and at such time as the Market Maker believes there are to be significant difficulties in quoting bid and ask prices due to technical reasons.

In conjunction with such limitation of the Market Maker’s obligation to quote bid and ask prices, the Market Maker shall notify parties on the market regarding the limitation through a notice via the exchange/marketplace in those cases where the limitation is expected to extend for more than one trading day.

Additional information on the underlying asset and underlying companyAdditional information on the company and the development of the value of the underlying company is available on the website of the OMX Nordic Exchange Helsinki:http://omxgroup.com/nordicexchange/ and on the websites of the underlying companies: www.nokia.com, www.fortum.com,www.upm-kymmene.comwww.storaenso.com, www.sampo.fi andwww.deutsche-boerse.com.  Additional information on the volatility of the underlying asset is available from the issuer, tel. +358 9 369 49134.

 

The investors should analyse information on the company issuing the share before making decisions on warrants.

The warrants to be issued:


Table 1

Warrant Trading
code
Warrant ISIN
code
Underlying
instrument
Underlying
instrument ISIN
code
Underlying
Currency
Additional Information
on the underlying
TDAX0L6400NDSFI4000015458DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX0X6750NDSFI4000015466DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX0X6825NDSFI4000017041DAXDE0008469008EURwww.deutsche-
boerse.com
TNOK1B  72NDSFI4000017058Nokia OyjFI0009000681EURwww.nokia.com
TNOK1N  10NDSFI4000017066Nokia OyjFI0009000681EU
R
www.nokia.com
TFUM1B  19NDSFI4000017074Fortum OyjFI0009007132EURwww.fortum.com
TFUM1N  22NDSFI4000017082Fortum OyjFI0009007132EURwww.fortum.com
TUPM1B 115NDSFI4000015474UPM-Kymmene OyjFI0009005987EURwww.upm-
kymmene.com
TUPM1N  14NDSFI4000015482UPM-Kymmene OyjFI0009005987EURwww.upm-
kymmene.com
TSTE1B 625NDSFI4000015490Stora Enso OyjFI0009005961EURwww.storaenso.com
TSAM1N 225NDSFI4000015516Sampo OyjFI0009003305EURwww.sampo.fi

Table 2

Warrant
Trading
code
Strike
price
Barrier
level
TypeMultiplierTotal
number
of
warrants
Issue
date
Expi-
ration
Date
Settle-
ment
Date
TDAX0L6400NDS6 400,006 425,00C1/100500 00025.10.
2010
17.12.
2010
27.12.
2010
TDAX0X6750NDS6 750,006 725,00P1/100500 00025.10.
2010
17.12.
2010
27.12.
2010
TDAX0X6825NDS6 825,006 800,00P1/150750 00025.10.
2010
17.12.
2010
27.12.
2010
TNOK1B  72NDS7,207,60C11 000 00025.10.
2010
18.2.
2011
25.2.
2011
TNOK1N  10NDS10,009,60P11 000 00025.10.
2010
18.2.
2011
25.2.
2011
TFUM1B  19NDS19,0019,40C1500 00025.10.
2010
18.2.
2011
25.2.
2011
TFUM1N  22NDS22,0021,60P1500 00025.10.
2010
18.2.
2011
25.2.
2011
TUPM1B 115NDS11,5011,90C1500 00025.10.
2010
18.2.
2011
25.2.
2011
TUPM1N  14NDS14,0013,60P1500 00025.10.
2010
18.2.
2011
25.2.
2011
TSTE1B 625NDS6,256,50C1500 00025.10.
2010
18.2.
2011
25.2.
2011
TSAM1N 225NDS22,5022,10P1500 00025.10.
2010
18.2.
2011
25.2.
2011

 

Helsinki, 22 October 2010

NORDEA BANK AB (publ)

Juha Mikkilä

For further information, please contact Juha Mikkilä tel. +358 9 369 50112