Nordea Bank AB (publ) issues 14 new turbo warrant series on 1 April 2011

31.03.11 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will issue 14 new turbo warrant series on 1 April 2011 under its warrant programme. The underlying assets of the turbo warrants are Metso Oyj (STERV) and Nokia Oyj (NOK1V) shares, Nordea Bank AB (publ) (NDA1V) share depository receipts 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 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 assetMetso Oyj (STERV) and Nokia Oyj (NOK1V) 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
Date
In 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
method
Closing Price on Closing Price Determination Date

 

Exercise procedureThe Bank carries out automatic cash settlement
Listing currencyEUR
Trading lot1 warrant
Total number of
warrants
500 000 -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 companies: www.metso.comwww.nokia.com,www.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
Curren-
cy
Additional
Information on
the underlying
TNOK1D 6NDSFI4000021928Nokia OyjFI0009000681EURwww.nokia.com
TNOK1Q 75NDSFI4000021936Nokia OyjFI0009000681EURwww.nokia.com
TMEO1F 32NDSFI4000021944Metso OyjFI0009007835EURwww.metso.com
TMEO1R 48NDSFI400002
1951
Metso OyjFI0009007835EURwww.metso.com
TNDA1F 65NDSFI4000021969Nordea Bank AB
(publ) FDR
FI0009902530EURwww.nordea.fi
TNDA1R 9NDSFI4000021977Nordea Bank AB
(publ) FDR
FI0009902530EURwww.nordea.fi
TDAX1E6750NDSFI4000021985DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1E6850NDSFI4000022421DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1E6950NDSFI4000022439DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1Q7100NDSFI4000022447DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1Q7200NDSFI4000022454DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1Q7300NDSFI4000022462DAXDE0008469008EURwww.deutsche-
boerse.com
TESX1E2850NDSFI4000022470Dow Jones 
Euro Stoxx 50
EU0009658145EURwww.stoxx.com
TESX1Q3100NDSFI4000022488Dow Jones 
Euro Stoxx 50
EU0009658145EURwww.stoxx.com

Table 2

Warrant
Trading
 code
Strike
price
Bar-
rier
level
TypeMulti-
plier
Total
number
of
warrants
Issue
date
Ex-
piration
Date
Settle-
ment
Date
TNOK1D 6NDS6,006,00C1/21 5000001.4.201120.4.201129.4.
2011
TNOK1Q 75NDS7,507,10P11 0000001.4.20113.5.201110.5.
2011
TMEO1F 32NDS32,0034,50C1/5500 0001.4.201117.6.201127.6.
2011
TMEO1R 48NDS48,0045,50P1/5500 0001.4.201117.6.201127.6.
2011
TNDA1F 65NDS6,506,75C1500 0001.4.201117.6.201127.6.
2011
TNDA1R 9NDS9,008,75P1500 0001.4.201117.6.201127.6.
2011
TDAX1E6750NDS6 750,006 775,00C1/150750 0001.4.201120.5.201127.5.
2011
TDAX1E6850NDS6 850,006 875,00C1/150750 0001.4.201120.5.201127.5.
2011
TDAX1E6950NDS6 950,006 975,00C1/150750 0001.4.201120.5.201127.5.
2011
TDAX1Q7100NDS7 100,007 075,00P1/150750 0001.4.201120.5.201127.5.
2011
TDAX1Q7200NDS7 200,007 175,00P1/150750 0001.4.201120.5.201127.5.
2011
TDAX1Q7300NDS7 300,007 275,00P1/150750 0001.4.201120.5.201127.5.
2011
TESX1E2850NDS2 850,002 850,00C1/150750 0001.4.201120.5.201127.5.
2011
TESX1Q3100NDS3 100,003 100,00P1/150750 0001.4.201120.5.201127.5.
2011

 

Helsinki, 31 March 2011
NORDEA BANK AB (publ)

 

Juha Mikkilä

 

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