Nordea Bank AB (publ) issues 8 new turbo warrant series on 1 December 2010

30.11.10 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 8 new turbo warrant series on 1 December 2010 under its warrant programme. The underlying asset of the turbo warrants are Wärtsilä Oyj (WRT1V), Metso Oyj (MEO1V) ,Talvivaara Kaivososakeyhtiö Oyj (TLV1V) 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 assetWärtsilä Oyj (WRT1V),  Metso Oyj (MEO1V), Talvivaara Kaivososakeyhtiö Oyj (TLV1V) 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 warrants150 000 – 750 000
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 askquotation 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.wartsila.com, www.metso.com,www.talvivaara.com and www.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
Under-
lying
Currency
Additional
Information
on the
underlying
TWRT1C  44NDSFI4000017215Wärtsilä OyjFI0009003727EURwww.
wartsila.com
TWRT1O  66NDSFI4000017223Wärtsilä OyjFI0009003727EURwww.
wartsila.com
TMEO1C  31NDSFI4000017231Metso OyjFI0009007835EURwww.
metso.com
TMEO1O  51NDSFI4000017249Metso OyjFI0009007835EURwww.
metso.com
TTLV1B   5NDSFI4000017256Talvivaaran
Kaivososakeyhtiö
Oyj
FI0009014716EURwww.
talvivaara.
com
TTLV1N  75NDSFI4000017264Talvivaaran
Kaivososakeyhtiö
Oyj
FI0009014716EURwww.
talvivaara.
com
TDAX1C6650NDS1FI4000017272DAXDE0008469008EURwww.
deutsche-
boerse.com
TDAX1O7100NDSFI4000017280DAXDE0008469008EURwww.
deutsche-
boerse.com

Table 2

Warrant
Trading
code
Strike
price
Barrier
level
TypeMulti-
plier
Total
number
of
warrants
Issue
date
Expir-
ation
Date
Settle-
ment 
Date
TWRT1C  44NDS44,0046,50C1/5500 0001.12.
2010
3.3.
2011
10.3.
2011
TWRT1O  66NDS66,0063,50P1/5500 0001.12.
2010
3.3.
2011
10.3.
2011
TMEO1C  31NDS31,0033,50C1/5750 0001.12.
2010
30.3.
2011
6.4.
2011
TMEO1O  51NDS51,0048,50P1/5750 0001.12.
2010
30.3.
2011
6.4.
2011
TTLV1B   5NDS5,005,40C1150 0001.12.
2010
18.2.
2011
25.2.
2011
TTLV1N  75NDS7,507,10P1150 0001.12.
2010
18.2.
2011
25.2.
2011
TDAX1C6650NDS16 650,006 675,00C1/100500 0001.12.
2010
18.3.
2011
25.3.
2011
TDAX1O7100NDS7 100,007 075,00P1/100500 0001.12.
2010
18.3.
2011
25.3.
2011

Helsinki, 30 November 2010

NORDEA BANK AB (publ)

Juha Mikkilä

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