Nordea Bank AB (publ) issues 2 new index certificates bear series on 10 March 2010

09.03.10 12:06 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 2 new index certificate bear series on 10 March 2010 under its warrant programme. The underlying asset of the index certificate is a futures contract linked to NASDAQ 100 Index or S&P500 Index. The index certificates are put certificates. The index certificates are redeemed by cash payment. Upon expiry of an index certificate bear, the possible net value is paid in cash to the holder of the certificate.

 

Index certificate bear specific terms and conditions

 

All index certificates are issued under the warrant programme of Nordea Bank AB (publ) dated 6 October 2009. The base prospectus for the warrant programme and the final terms for each warrant and certificate serie are available at the issuer’s website: www.nordea.fi/warrantit. The following terms only summarize the final terms and the base prospectus.

 

Please notice that the Final Terms of the issue are released only in English.

 

 

Issuer

Nordea Bank AB (publ)

Instrument name

Index Certificate Bear (put)

Underlying asset

A futures contract linked to NASDAQ 100 Index or S&P500 Index.

Cash Settlement Amount

Accumulated value on the expiration date

Leverage Factor

Yes (see final terms)

Closing Price

Accumulated value on the expiration date, if no early expiration event has occurred (see final terms)

Closing Price Determination Date

The earliest of the following dates:

1.     Expiration Date: See Table 2;

2.     The date declared expiration date according to Expiration Date Determination Day; or

3.     If the value of the underlying contract rises 50% or more in one day it constitutes an early expiration event.

Market place

Nasdaq OMX Helsinki

Barrier Level     

150% of the Underlying contracts reference price the previous trading day.

Reference Source

NASDAQ 100 Index and S&P500 Index:

CME

Reference price determination method

Valuation time for underlying instrument and currency is local time Helsinki 19:00.

Exercise procedure

The Bank carries out automatic cash settlement

Translation Rate

EUR / USD exchange rate

Listing currency

EUR

Total number of certificates

1 000 000 (see Table 2 below)

Trading lot

1 certificate

Market Maker

Nordea Bank operates as the Market Maker.

 

Market Maker undertakes to provide bid and ask quotation for the Certificates during the time Certificates are subject to trading on a regulated market, multilateral trading facility or other market place. 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 most (maximum spread):

 

Four (4) percent or

0,10 EUR, if ask price is < 2 EUR

 

Quotations concern a minimum amount of five hundred Certificates. No bid quotation is given for Certificates that have a market value less than ten (10) cents. 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 asset 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 As
sets 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 regulated market/multilateral trading facility/marketplace.

 

Additional information on the underlying asset and underlying company

Additional information on the company and the development of the value of the underlying asset is available on the website of the OMX Nordic Exchange Helsinkihttp://omxgroup.com/nordicexchange and www.nasdaq.comand www.standardandpoors.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 index before making decisions on certificates.

                                          

The index certificates bull to be issued:

 

Table 1

Certificate

Trading

code

Certificate

ISIN

code

Underlying

index

Underlying

ISIN

code

Under-

lying

instru-

ment

curren-

cy

Additional

Information

on the

underlying

BEAR NSDQ X2 NF

FI4000009873

NASDAQ 100 INDEX

 

US6311011026

 

USD

www.nasdaq.com

 

BEAR SP500 X2 NF

FI4000009881

S&P500 INDEX

 

US78378X1072

 

USD

www.standardand
poors.com

 

 

Table 2

 

Certificate

Trading

code

Initial

Price

Type

Mana-

gement

Fee

Total

number

of

certificates

Issue

date

Expiration

Date

Settlement

Date

BEAR NSDQ X2 NF

25

P

0,8%

1000000

10.3.2010

20.2.2015

17.2.2015

BEAR SP500 X2 NF

25

P

0,8%

1000000

10.3.2010

20.2.2015

17.2.2015

 

 

Helsinki, 9 March 2010

 

NORDEA BANK AB (publ)

 

 

Tommi Saarnio 

 

 

For further information, please contact Tommi Saarnio +358 9 369 49354.