Nordea Bank AB (publ) will launch 2 new max certificates series on 28 January 2010 under its warrant programme. The underlying assets of the max certificates are Nokia Oyj (NOK1V) shares and OMXH25 index. The max certificates are call certificates. The max certificates are redeemed by cash payment. Upon expiry of a max certificate, the possible net value is paid in cash to the holder of the certificate.
Certificate specific terms and conditions
All max certificates are issued under the warrant programme of Nordea Bank AB (publ) dated 6 October 2009. The base prospectus for the warrant programme and the final terms for each warrant and certificate serie are available at the issuer’s website: www.nordea.fi/warrantit. The following terms only summarize the final terms and the base prospectus.
Nordea Bank AB (publ)
Max Certificate (call)
Nokia Oyj (NOK1V) share and OMXH25 index
Cash Settlement Amount
If Closing Price > Max Level:
Multiplier x Max Level
If Closing Price < Max Level:
Multiplier x Closing Price
Official Closing Price on Closing Price Determination Date
Closing Price Determination Date
In case of a Share:
Official closing price on Final Trading Day
In case of Index:
Value of the index, based on Helsinki Stock Exchange weighted average prices of the OMXH25 component shares from 09:40 until 18:30 EET on Expiration Date/Final Trading Day
Nasdaq OMX Helsinki Ltd
Nasdaq OMX Helsinki Ltd
Reference price determination method
Closing Price on Closing Price Determination Date
The Bank carries out automatic cash settlement
Total number of certificates
2 000 000 (see Table 2 below)
Nordea Bank Finland Plc operates as the Market Maker.
Market Maker undertakes to provide bid and ask quotation for the certificates during the time certificates are subject to trading on a regulated market, multilateral trading facility or other market place. The undertaking is valid in the continuous trading of the regulated market, multilateral trading facility or other market place.
The difference between bid and ask quotation is at most (maximum spread):
Two (2) percent but no less than EUR 0,10.
Quotations concern a minimum amount of one thousand certificates. 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 company
Additional 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 websites of the companies: www.nokia.fi andwww.omxnordicexchange.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 certificates.
The max certificates to be issued:
2 000 000
2 000 000
Helsinki, 27 January 2010
NORDEA BANK AB (publ)
For further information, please contact Tommi Saarnio tel. +358-9-369 49354.