Nordea Bank AB (publ) issues 4 new warrant series on 28 March 2011

25.03.11 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will launch 4 new warrant series on 28 March 2011 under its warrant programme. The underlying asset of the warrants is Nokian Renkaat Oyj (NRE1V) share. The warrants are redeemed by cash payment. Upon expiry of a warrant, the possible net value is paid in cash to the holder of the warrant.

Warrant specific terms and conditions

 

All 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 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 nameWarrant (call/put)
Underlying assetNokian Renkaat Oyj (NRE1V) share.
Cash Settlement Amount

 

 

Call Warrant: 
(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.

 

 

Put Warrant: 
(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.
Closing Price Determination DateOfficial Closing Price on Final Trading Day
Market placeNasdaq OMX Helsinki Ltd
Reference SourceNasdaq OMX Helsinki Ltd
Reference price determination methodClosing Price on Closing Price Determination Date
Exercise procedureThe Bank carries out automatic cash settlement
Listing currencyEUR
Total number of warrants3 000 000
Trading lot1 warrant
Market makerNordea Bank Finland Plc operates as the Market Maker.

 

 

Market Maker undertakes to provide bid and ask quotation for the Warrants during the time 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 most (maximum spread):

 

0,10 EUR, if ask price is < 2 EUR
0,20 EUR, if ask price is > 2 EUR

 

Quotations concern a minimum amount of one thousand warrants. No bid quotation is given for Warrants that have a market value of less than one (1) cent or corresponding value in other currency. 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 asset 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 regulated market/multilateral trading facility/marketplace.

 

Additional information on the underlying asset and underlying companyAdditional information on the company and the development of the value of the underlying asset is available on the website of the OMX Nordic Exchange Helsinki: http://omxgroup.com/nordicexchange/and on the website of the company:www.nokianrenkaat.fi.
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
instru-
ment
Under-
lying
instrument
ISIN
code
Under-
lying
Currency
Additional
Information
on the
underlying
NRE1Q 26NDSFI4000021787Nokian
Renkaat
Oyj
FI0009005318EURwww.nokianrenkaat.fi
NRE1Q 28NDSFI4000021811Nokian
Renkaat
Oyj
FI0009005318EURwww.nokianrenkaat.fi
NRE1E 295NDSFI4000021829Nokian
Renkaat
Oyj
FI0009005318EURwww.nokianrenkaat.fi
NRE1E 32NDSFI4000021837Nokian
Renkaat
Oyj
FI0009005318EURwww.nokianrenkaat.fi

 

Table 2

Warrant
Trading
code
Strike
price
TypeMultiplierTotal
number
of
warrants
Issue
date
Expiration
Date
Settlement
Date
NRE1Q 26NDS26,00P   1/53 000 00028.3.201120.5.201127.5.2011
NRE1Q 28NDS28,00P   1/53 000 00028.3.201120.5.201127.5.2011
NRE1E 295NDS29,50C   1/53 000 00028.3.201120.5.201127.5.2011
NRE1E 32NDS32,00C   1/53 000 00028.3.201120.5.201127.5.2011

 

 

Helsinki, 25 March 2011

 

NORDEA BANK AB (publ)
Juha Mikkilä     

 

For further information, please contact Juha Mikkilä tel. +358-9-369 49354.