Nordea Bank AB (publ) issues 10 new turbo warrant series on 27 May 2010

26.05.10 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 10 new turbo warrant series on 27 May 2010 under its warrant programme. The underlying asset of the turbo warrants are Nokia Oyj (NOK1V) shares, Nordea Bank AB (publ) (NDA1V) share depository receipts, DAX and Dow Jones Euro Stoxx 50 indices. 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 2009.  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) shares, Nordea Bank AB (publ) (NDA1V) share depository receipts, DAX and Dow Jones Euro Stoxx 50 indices
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 – 1 500 000
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.comwww.nordea.fi,www.stoxx.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
Underlying
Currency
Additional
Information
on the
underlying
TDAX0F5500NDSFI4000011432DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX0F5400NDSFI4000011523DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX0R5900NDSFI4000011564DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX0R6100NDS1FI4000011440DAXDE0008469008EURwww.deutsche-
boerse.com
TESX0I2300NDSFI4000011499Dow Jones
Euro Stoxx
50
EU0009658145EURwww.stoxx.com
TESX0U2750NDSFI4000011457Dow Jones
Euro Stoxx
50
EU0009658145EURwww.stoxx.com
TNOK0I  65NDSFI4000011465Nokia OyjFI0009000681EURwww.nokia.com
TNOK0I  72NDSFI4000011473Nokia OyjFI0009000681EURwww.nokia.com
TNOK0U  93NDSFI4000011481Nokia OyjFI0009000681EURwww.nokia.com
TNDA0I   5NDSFI4000011507Nordea
Bank AB
(publ) FDR
FI0009902530EURwww.nordea.fi

 

Table 2

Warrant
Trading
code
Strike
price
Barrier
level
TypeMulti-
plier
Total
number
of
warrants
Issue
date
Expira-
tion
Date
Settle-
ment 
Date
TDAX0F5500NDS5 500,005 525,00C1/1501 000 00027.5.201018.6.
2010
28.6.
2010
TDAX0F5400NDS5 400,005 425,00C1/1501 000 00027.5.201018.6.
2010
28.6.
2010
TDAX0R5900NDS5 900,005 875,00P1/1501 000 00027.5.201018.6.
2010
28.6.
2010
TDAX0R6100NDS16 100,006 075,00P1/1501 000 00027.5.201018.6.
2010
28.6.
2010
TESX0I2300NDS2 300,002 350,00C1/100500 00027.5.201017.9.
2010
24.9.
2010
TESX0U2750NDS2 750,002 700,00P1/100500 00027.5.201017.9.
2010
24.9.
2010
TNOK0I  65NDS6,506,90C11 500 00027.5.201017.9.
2010
24.9.
2010
TNOK0I  72NDS7,207,60C11 500 00027.5.201017.9.
2010
24.9.
2010
TNOK0U  93NDS9,308,90P11 500 00027.5.201017.9.
2010
24.9.
2010
TNDA0I   5NDS5,005,40C1500 00027.5.201017.9.
2010
24.9.
2010

Helsinki, 26 May 2010

NORDEA BANK AB (publ)

Tommi Saarnio 

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