Nordea Bank AB (publ) issues 10 new turbo warrant series on 20 January 2011

19.01.11 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 10 new turbo warrant series on 20 January 2011 under its warrant programme. The underlying asset of the turbo warrants are Nokian Renkaat Oyj (NRE1V) and UPM-Kymmene Oyj (UPM1V) 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 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 assetNokian Renkaat Oyj (NRE1V) and UPM-Kymmene Oyj (UPM1V) 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 – 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 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.nokianrenkaat.fi, www.upm-kymmene.comwww.nordea.fiwww.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
Under-
lying
Currency
Additional
Information
on the
underlying
TNRE1D 24NDSFI4000017553Nokian
 Renkaat Oyj
FI0009005318EURwww.nokian
renkaat.fi
TNRE1P 35NDSFI4000017561Nokian
Renkaat 
Oyj
FI0009005318EURwww.nokian
renkaat.fi
TUPM1P 16NDSFI4000017579UPM-Kymmene 
Oyj
FI0009005987EURwww.upm-
kymmene.com
 
TNDA1O 10NDSFI4000017587Nordea
Bank AB (publ) FDR
FI0009902530EURwww.nordea.fi
TESX1B2850NDSFI4000017595Dow Jones
Euro Stoxx
50
EU0009658145EURwww.stoxx.com
TESX1N3100NDSFI4000017603Dow Jones
Euro Stoxx
50
EU0009658145EURwww.stoxx.com
TDAX1B6900NDSFI4000017611DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1B7000NDSFI4000017629DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1N7300NDSFI4000017637DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1N7350NDSFI4000017645DAXDE0008469008EURwww.deutsche-
boerse.com

Table 2

Warrant Trading codeStrike priceBarrier levelTypeMulti-
plier
Total
number
of
warrants
Issue
date
Expiration
Date
Settle-
ment
Date
TNRE1D 24NDS24,0026,50C1/5500 00020.1.
2011
7.4.201114.4.
2011
TNRE1P 35NDS35,0032,50P1/5500 00020.1.
2011
7.4.201114.4.
2011
TUPM1P 16NDS16,0015,60P1500 00020.1.
2011
7.4.201114.4.
2011
TNDA1O 10NDS10,009,75P1500 00020.1.
2011
24.3.201131.3.
2011
TESX1B2850NDS2 850,002 850,00C1/100500 00020.1.
2011
18.2.201125.2.
2011
TESX1N3100NDS3 100,003 100,00P1/100500 00020.1.
2011
18.2.201125.2.
2011
TDAX1B6900NDS6 900,006 925,00C1/150750 00020.1.
2011
18.2.201125.2.
2011
TDAX1B7000NDS7 000,007 025,00C1/100500 00020.1.
2011
18.2.201125.2.
2011
TDAX1N7300NDS7 300,007 275,00P1/100500 00020.1.
2011
18.2.201125.2.
2011
TDAX1N7350NDS7 350,007 325,00P1/150750 00020.1.
2011
18.2.201125.2.
2011

Helsinki, 19 January 2011

NORDEA BANK AB (publ)

Juha Mikkilä

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