Nordea Bank AB (publ) will issue 9 new turbo warrant series on 27 April 2011 under its warrant programme. The underlying assets of the turbo warrants are Stora Enso Oyj (STERV) shares 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.
|Issuer||Nordea Bank AB (publ)|
|Instrument name||Turbo Warrant (call / put)|
|Underlying asset||Stora Enso Oyj (STERV) shares, DAX and Dow Jones Euro Stoxx 50 indices|
|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:
|Closing Price||Reference 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:
|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 place||Nasdaq OMX Helsinki Ltd|
|Reference Source||In case of Share:
Nasdaq OMX Helsinki Ltd
In case of Index:
|Reference price determination method||Closing Price on Closing Price Determination Date
|Exercise procedure||The Bank carries out automatic cash settlement|
|Trading lot||1 warrant|
|Total number of warrants||500 000 - 750 000|
|Market maker||Nordea 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
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.storaenso.com, www.stoxx.com andwww.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:
|Warrant Trading code||Warrant ISIN code||Underlying instrument||Underlying instrument ISIN code||Underlying Currency||Additional Information on the underlying|
|TSTE1I 75NDS||FI4000022736||Stora Enso Oyj||FI0009005961||EUR||www.storaenso.com|
|TSTE1U 95NDS||FI4000022744||Stora Enso Oyj||FI0009005961||EUR||www.storaenso.com|
|TESX1F2850NDS1||FI4000022819||Dow Jones Euro Stoxx 50||EU0009658145||EUR||www.stoxx.com|
|Warrant Trading code||Strike price||Barrier level||Type||Multiplier||Total number of warrants||Issue date||Expiration Date||Settlement Date|
|TSTE1I 75NDS||7,50||7,75||C||1||500 000||27.4.2011||16.9.2011||23.9.2011|
|TSTE1U 95NDS||9,50||9,25||P||1||500 000||27.4.2011||16.9.2011||23.9.2011|
|TDAX1F7000NDS||7 000,00||7 025,00||C||1/150||750 000||27.4.2011||17.6.2011||27.6.2011|
|TDAX1F7100NDS||7 100,00||7 125,00||C||1/150||750 000||27.4.2011||17.6.2011||27.6.2011|
|TDAX1F7200NDS||7 200,00||7 225,00||C||1/150||750 000||27.4.2011||17.6.2011||27.6.2011|
|TDAX1R7400NDS||7 400,00||7 375,00||P||1/150||750 000||27.4.2011||17.6.2011||27.6.2011|
|TDAX1R7450NDS||7 450,00||7 425,00||P||1/150||750 000||27.4.2011||17.6.2011||27.6.2011|
|TDAX1R7550NDS||7 550,00||7 525,00||P||1/150||750 000||27.4.2011||17.6.2011||27.6.2011|
|TESX1F2850NDS1||2 850,00||2 850,00||C||1/100||500 000||27.4.2011||17.6.2011||27.6.2011|
Helsinki, 26 April 2011
NORDEA BANK AB (publ)
For further information, please contact Juha Mikkilä tel. +358-9-369 50112.