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Nordea Bank to issue Autocallable notes series.

NORDIC BUSINESS REPORT-August 31, 2017-Nordea Bank to issue Autocallable notes series


Nordic financial services company Nordea Bank AB (STO: NDA) announced on Wednesday the issuance of a series (B634) of Autocallable notes due 4 September 2020, Europaeiske Aktier 2020, denominated in euro.

These notes are to be issued on 28 September 2017 and will be redeemed on 4 September 2020 in accordance with performance structure 'Autocallable Structure Long' with flat coupon provisions.

According to Nordea, the return and redemption date of the notes depend on the performance of the worst performing reference asset in a basket of equity indices (the reference asset(s)) and a coupon rate of indicatively 10.00%. Also, as Autocallable notes these notes might be subject to early redemption.

Full information on the issuer and the offer of the notes is only available on the basis of the combination of the final terms of the notes dated 30 august 2017 and the base prospectus, as so supplemented.

These notes have an offer period from 4 September 2017, 9:00 hours CET, until 22 September 2017, 16.00 hours CET. The aggregate nominal amount of the notes and the final coupon rate will be determined after the subscription period and announced in a final terms confirmation announcement through Nasdaq Copenhagen.

Also, the issuer reserves its rights to cancel the offer if the aggregate principal amount of notes subscribed on or before the issue date is less than EUR1,500,000 or above EUR5,000,000, if the coupon rate cannot be set to at least 8.00%, or if any event of an economic, financial or political nature occurs and which may jeopardise a successful offer, as determined by the issuer.

In addition, the issuer may also replace the reference asset at any time on or prior to issue date by a comparable type of underlying reference asset.

These notes, if issued, will be registered with VP Securities A/S on 28 September 2017 and be admitted to trading and official listing on Nasdaq Copenhagen with the first day of trading on the same day.

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Publication:Nordic Business Report
Date:Aug 31, 2017
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