Nordea Bank AB (publ) issues 5 new turbo warrant series on 10 Nov 2011

09.11.11 11:00 | Pörssitiedotteet

Nordea Bank AB (publ) will issue 5 new turbo warrant series on 10 Nov 2011 under its warrant programme. The underlying assets of the turbo warrants are Nokia Oyj (NOK1V) 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 2011.  The base prospectus for the warrant programme and the final terms for each turbo warrant series are available at the website of Nordea Bank Finland Plc: 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) shares 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 amountFor 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 warrants1 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.nokia.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 codeWarrant ISIN codeUnderlying instrumentUnderlying instrument ISIN codeUnderlying CurrencyAdditional Information on the underlying
TDAX2A5700NDSFI4000031935DAXDE0008469008EURwww.deutsche-boerse.com
TDAX2A5800NDSFI4000031943DAXDE0008469008EURwww.deutsche-boerse.com
TDAX2M6300NDSFI4000031950DAXDE0008469008EURwww.deutsche-boerse.com
TDAX2M6400NDSFI4000031968DAXDE0008469008EURwww.deutsche-boerse.com
TNOK2A  44NDSFI4000031976Nokia OyjFI0009000681EURwww.nokia.com

 

Table 2

 

Warrant Trading codeStrike priceBarrier levelTypeMulti-

 

plier

Total number of warrantsIssue dateExpiration DateSettle-

 

ment Date

TDAX2A5700NDS57005725C1/3001 000 00010.11.201120.1.201227.1.2012
TDAX2A5800NDS58005825C1/3001 000 00010.11.201120.1.201227.1.2012
TDAX2M6300NDS63006275P1/3001 000 00010.11.201120.1.201227.1.2012
TDAX2M6400NDS64006375P1/3001 000 00010.11.201120.1.201227.1.2012
TNOK2A  44NDS4,404,50C1/21 000 00010.11.201120.1.201227.1.2012

 

Helsinki, 9 Nov 2011

NORDEA BANK AB (publ)

Juha Mikkilä

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