Nordea Bank AB (publ) issues 10 new turbo warrant series on 12 January 2011

11.01.11 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 10 new turbo warrant series on 12 January 2011 under its warrant programme. The underlying asset of the turbo warrants are Nokia Oyj (NOK1V), Talvivaaran Kaivososakeyhtiö Oyj (TLV1V), Fortum Oyj (FUM1V), UPM-Kymmene Oyj (UPM1V) and Wärtsilä Oyj (WRT1V) 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), Talvivaaran Kaivososakeyhtiö Oyj (TLV1V), Fortum Oyj (FUM1V), UPM-Kymmene Oyj (UPM1V) and Wärtsilä Oyj (WRT1V) 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 – 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.talvivaara.com,www.fortum.comwww.upm-kymmenen.comwww.wartsila.com 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
Under-lying CurrencyAdditional
Information
on the
underlying
TNOK1D 7NDSFI4000017454Nokia OyjFI0009000681EURwww.nokia.com
TTLV1C 6NDSFI4000017462Talvivaaran
Kaivososakey
htiö Oyj
FI0009014716EURwww.talvivaara.
com
TTLV1O 85NDSFI4000017470Talvivaaran
Kaivososakey
htiö Oyj
FI0009014716EURwww.talvivaara.
com
TFUM1C 21NDSFI4000017488Fortum OyjFI000
9007132
EURwww.fortum.com
TFUM1O  245NDSFI4000017496Fortum OyjFI0009007132EURwww.fortum.com
TUPM1D 12NDSFI4000017504UPM-Kymmene
Oyj
FI0009005987EURwww.upm-kymmene.com
TUPM1P 15NDSFI4000017512UPM-Kymmene
Oyj
FI0009005987EURwww.upm-kymmene.com
TWRT1C 50NDSFI4000017520Wärtsilä
Oyj
FI0009003727EURwww.wartsila.
com
TDAX1B6800NDSFI4000017538DAXDE0008469008EURwww.deutsche-boerse.com
TDAX1N7100NDSFI4000017546DAXDE0008469008EURwww.deutsche-boerse.com

Table 2

Warrant
Trading
code
Strike
price
Barrier
level
TypeMulti-plierTotal
Number
of
warrants
Issue
date
Expir-ation
Date
Settle-ment
Date
TNOK1D 7NDS7,007,40C11 000 00012.1.
2011
15.4.
2011
26.4.
2011
TTLV1C 6NDS6,006,40C1150 00012.1.
2011
18.3.
2011
25.3.
2011
TTLV1O 85NDS8,508,10P1150 00012.1.
2011
18.3.
2011
25.3.
2011
TFUM1C 21NDS21,0021,40C1500 00012.1.
2011
31.3.
2011
7.4.
2011
TFUM1O 245NDS24,5024,10P1500 00012.1.
2011
31.3.
2011
7.4.
2011
TUPM1D 12NDS12,0012,40C1500 00012.1.
2011
7.4.
2011
14.4.
2011
TUPM1P 15NDS15,0014,60P1500 00012.1.
2011
7.4.
2011
14.4.
2011
TWRT1C 50NDS50,0052,50C 1/5500 00012.1.
2011
3.3.
2011
10.3.
2011
TDAX1B6800NDS6 8006 825C   1/150750 00012.1.
2011
18.2.
2011
25.2.
2011
TDAX1N7100NDS7 1007 075P   1/150750 00012.1.
2011
18.2.
2011
25.2.
2011

Helsinki, 11 January 2011

NORDEA BANK AB (publ)

Juha Mikkilä

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