Nordea Bank AB (publ) issues 8 new turbo warrant series on 17 June 2010

16.06.10 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 8 new turbo warrant series on 17 June 2010 under its warrant programme. The underlying asset of the turbo warrants are UPM-Kymmene Oyj (UPM1V), Sampo Oyj (SAMAS) and Stora Enso Oyj (STERV) shares and 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 assetUPM-Kymmene Oyj (UPM1V), Sampo Oyj (SAMAS) and Stora Enso Oyj (STERV) shares and 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 – 1 000 000
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 company: www.deutsche-boerse.comwww.stoxx.com,www.upm-kymmene.comwww.sampo.fi and www.storaenso.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 instrumentUnderlying instrument
ISIN code
Underlying CurrencyAdditional
Information
on the
underlying
TDAX0I5800NDSFI4000011739DAXDE0008469008EURwww.
deutsche-
boerse.com
TDAX0I5950NDSFI4000011812DAXDE0008469008EURwww.
deutsche-
boerse.com
TDAX0U6250NDSFI4000011804DAXDE0008469008EURwww.
deutsche-
boerse.com
TESX0U2900NDSFI4000011747Dow Jones Euro Stoxx 50EU0009658145EURwww.
stoxx.com
TESX0I2500NDSFI4000011754Dow Jones Euro Stoxx 50EU0009658145EURwww.
stoxx.com
TUPM0I  10NDSFI4000011762UPM-Kymmene OyjFI0009005987EURwww.upm-
kymmene.
com
TSAM0I 165NDSFI4000011770Sampo OyjFI0009003305EURwww.
sampo.fi
TSTE0I  55NDSFI4000011788Stora Enso OyjFI0009005961EURwww.
storaenso.
com

Table 2

Warrant
Trading 
code
Strike
price
Barrier
level
TypeMulti-
plier
Total
num-
ber
of
warr-
ants
Issue
date
Expi-
ration
Date
Settle-
ment
Date
TDAX0I
5800NDS
5 800,005 825,00C1/1501 000 00017.6.201017.9.201024.9.2010
TDAX0I
5950NDS
5 950,005 975,00C1/1501 000 00017.6.201017.9.201024.9.2010
TDAX0U
6250NDS
6 250,006 225,00P1/1501 000 00017.6.201017.9.201024.9.2010
TESX0U
2900NDS
2 900,002 850,00P1/100500 00017.6.201017.9.201024.9.2010
TESX0I
2500NDS
2 500,002 550,00C1/100500 00017.6.201017.9.201024.9.2010
TUPM0I
10NDS
10,0010,40C1500 00017.6.201017.9.201024.9.2010
TSAM0I
165NDS
16,5016,90C1500 00017.6.201017.9.201024.9.2010
TSTE0I
55NDS
5,505,75C1500 00017.6.201017.9.201024.9.2010

Helsinki, 16 June 2010

NORDEA BANK AB (publ)

Tommi Saarnio

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