Nordea Bank AB (publ) issues 10 new turbo warrant series on 16 February 2011

15.02.11 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 10 new turbo warrant series on 16 February 2011 under its warrant programme. The underlying asset of the turbo warrants are Nokia Oyj (NOK1V) and Fortum Oyj (FUM1V) 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 assetNokia Oyj (NOK1V) and Fortum Oyj (FUM1V) 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 website of the underlying company: www.nokia.com , www.stoxx.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
Under-
lying
instrument
Underlying
instrument
ISIN code
Under-
lying
Currency
Additional
Information
on the-
under-
lying
TNOK1E 5NDSFI4000017876Nokia OyjFI0009000681EURwww.nokia.com
TNOK1E 57NDSFI4000017884Nokia OyjFI0009000681EURwww.nokia.com
TNOK1D 62NDSFI4000017892Nokia OyjFI0009000681EURwww.nokia.com
TNOK1P 72NDSFI4000017900Nokia OyjFI0009000681EURwww.nokia.com
TNDA1C 7NDSFI4000017918Nordea 
Bank
AB (publ)
FDR
FI0009902530EURwww.nordea.fi
TFUM1C 195NDSFI4000017926Fortum OyjFI0009007132EURwww.fortum.com
TDAX1C7250NDSFI4000017934DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1O7600NDSFI4000017942DAXDE0008469008EURwww.deutsche-
boerse.com
TESX1O3100NDSFI4000017959Dow Jones
Euro Stoxx 50
EU0009658145EURwww.stoxx.com
TESX1O3150NDSFI4000017967Dow Jones
Euro Stoxx 50
EU0009658145EURwww.stoxx.com

Table 2

 

Warrant
Trading
code
Strike
price
Barrier
level
TypeMulti-
plier
Total
number
of
warrants
Issue
date
Expi-
ration
Date
Settle-
ment
Date
TNOK1E 5NDS5,005,40C11 500 00016.2.20113.5.201110.5.2011
TNOK1E 57NDS5,706,10C11 500 00016.2.20113.5.201110.5.2011
TNOK1D 62NDS6,206,20C1/21 500 00016.2.201120.4.201129.4.2011
TNOK1P 72NDS7,207,20P1/21 500 00016.2.201120.4.201129.4.2011
TNDA1C 7NDS7,007,25C1500 00016.2.201124.3.201131.3.2011
TFUM1C 195NDS19,5019,90C1500 00016.2.201131.3.20117.4.2011
TDAX1C7250NDS7 2507 275C1/150750 00016.2.201118.3.201125.3.2011
TDAX1O7600NDS7 6007 575P1/150750 00016.2.201118.3.201125.3.2011
TESX1O3100NDS3 1003 100P1/100500 00016.2.201118.3.201125.3.2011
TESX1O3150NDS3 1503 150P1/100500 00016.2.201118.3.201125.3.2011

 

 

 

Helsinki, 15 February 2011 

NORDEA BANK AB (publ)
Juha Mikkilä 

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