Nordea Bank AB (publ) issues 8 new turbo warrant series on 8 April 2011

07.04.11 10:30 | Pörssitiedotteet

Nordea Bank AB (publ) will issue 8 new turbo warrant series on 8 April 2011 under its warrant programme. The underlying assets of the turbo warrants are Fortum Oyj (FUM1V), Nokian Renkaat Oyj (NRE1V) and UPM-Kymmene Oyj (UPM1V) 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 assetFortum Oyj (FUM1V), Nokian Renkaat Oyj (NRE1V) and UPM-Kymmene Oyj (UPM1V) shares and DAX index
Barrier Reference
Price
Most 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 -  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
company
Additional 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.fortum.comwww.upm.com,www.nokianrenkaat.fi 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
TFUM1F  21NDSFI4000022496Fortum OyjFI0009007132EURwww.fortum.com
TFUM1R  26NDSFI4000022504Fortum OyjFI0009007132EURwww.fortum.com
TNRE1F  28NDSFI4000022512Nokian Renkaat 
Oyj
FI0009005318EURwww.nokian
renkaat.fi
TNRE1R  40NDSFI4000022520Nokian Renkaat
Oyj
FI0009005318EURwww.nokian
renkaat.fi
TUPM1F  13NDSFI4000022538UPM-Kymmene
Oyj
FI0009005987EURwww.upm-
kymmene.com
TUPM1R  17NDSFI4000022546UPM-Kymmene
Oyj
FI0009005987EURwww.upm-
kymmene.com
TDAX1E7050NDSFI4000022553DAXDE0008469008EURwww.deutsche-
boerse.com
TDAX1Q7350NDSFI4000022561DAXDE0008469008EURwww.deutsche-
boerse.com

 

Table 2

 

Warrant Trading
code
Strike
price
Barrier
level
TypeMulti-
plier
Total
number
of warrants
Issue
date
Expira-
tion Date
Settle-
ment
Date
TFUM1F  21NDS21,0021,40C1500 0008.4.201117.6.201127.6.2011
TFUM1R  26NDS26,0025,60P1500 0008.4.201117.6.201127.6.2011
TNRE1F  28NDS28,0030,00C1/5 500 0008.4.201117.6.201127.6.2011
TNRE1R  40NDS40,0038,00P1/5 500 0008.4.201117.6.201127.6.2011
TUPM1F  13NDS13,0013,40C1500 0008.4.201117.6.201127.6.2011
TUPM1R  17NDS17,0016,60P1500 0008.4.201117.6.201127.6.2011
TDAX1E7050NDS7 0507 075C1/150750 0008.4.201120.5.201127.5.2011
TDAX1Q7350NDS7 3507 325P1/150750 0008.4.201120.5.201127.5.2011

 

 

Helsinki, 7 April 2011
NORDEA BANK AB (publ)

Juha Mikkilä

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