Nordea Bank AB (publ) issues 7 new turbo warrant series on 22 Aug 2011

19.08.11 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will issue 7 new turbo warrant series on 22 Aug 2011 under its warrant programme. The underlying assets of the turbo warrants are Wärtsilä Oyj (WRT1V) share 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 assetWärtsilä Oyj (WRT1V) share and DAX index
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 – 1 000 000
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.wartsila.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
TDAX1J4800NDSFI4000028519DAXDE0008469008EURwww.deutsche-boerse.com
TDAX1J5000NDSFI4000028527DAXDE0008469008EURwww.deutsche-boerse.com
TDAX1J5200NDSFI4000028535DAXDE0008469008EURwww.deutsche-boerse.com
TDAX1V6000NDSFI4000028543DAXDE0008469008EURwww.deutsche-boerse.com
TWRT1L  11NDSFI4000028550Wärtsilä OyjFI0009003727EURwww.wartsila.com
TWRT1L  14NDS1FI4000028568Wärtsilä OyjFI0009003727EURwww.wartsila.com
TWRT1X  22NDSFI4000028576Wärtsilä OyjFI0009003727EURwww.wartsila.com

Table 2

Warrant
Trading
code
Strike
price
Barrier
level
TypeMulti-
plier
Total
number
of
warrants
Issue
date
Expi-
ration
Date
Settle-
ment
Date
TDAX1J4800NDS48004825C1/3001 000 00022.8.201121.10.201128.10.
2011
TDAX1J5000NDS50005025C1/3001 000 00022.8.201121.10.201128.10.
2011
TDAX1J5200NDS52005225C1/3001 000 00022.8.201121.10.201128.10.
2011
TDAX1V6000NDS60005975P1/3001 000 00022.8.201121.10.201128.10.
2011
TWRT1L  11NDS11,0012,50C1/5 500 00022.8.201116.12.201123.12.
2011
TWRT1L  14NDS114,0015,50C1/5 500 00022.8.201116.12.201123.12.
2011
TWRT1X  22NDS22,0020,50P1/5 500 00022.8.201116.12.201123.12.
2011

Helsinki, 19 Aug 2011

NORDEA BANK AB (publ)

Juha Mikkilä

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