Copenhagen, 2014-08-18 10:22 CEST (GLOBE NEWSWIRE) --
Spanien/Italien 2017
(Series A176)
(the “Notes”)
ISIN: DK0030326129
issued pursuant to Nordea Bank AB (publ)’s and Nordea Bank Finland Plc's
€10,000,000,000 Structured Note Programme
________________________________________
EXTRAORDINARY EVENT
On 28 May, 2014, Repsol, S.A. (Bloomberg code: REP SM Equity) (a Reference Asset) announced that its Board of Directors had agreed to distribute an extraordinary dividend of one euro per share from 2014 earnings, with payment date 6 June 2014.
In the Issuing Bank’s opinion, the distribution of the extraordinary dividend and the subsequent capital increase constitute Extraordinary Events pursuant to the Terms and Conditions set forth in the Base Prospectus dated 16 April 2013, as supplemented (the “Base Prospectus”), and the Final Terms dated 13 September 2013.
Upon the occurrence of an Extraordinary Event the Issuer is entitled to make such adjustments in the calculation of the Redemption Amount, Interest Amount and/or compilation of Reference Assets, or to replace the Affected Reference Asset with a Replacement Reference Asset which the Issuer thereby deems necessary in order to achieve a calculation of the Redemption Amount which reflects, and is based on, the manner in which such was previously calculated.
As a result of the Extraordinary Event the Initial Price for the Reference Asset Repsol, S.A. (REP SM Equity) (which will be used for calculating the Redemption Amount) has been adjusted to 17.9331 (adjusted with factor 0.950135 from original Initial Price of 18.87).
For further information regarding the replacement of the affected reference asset reference is made to the Base Prospectus.
Dated 18 August 2014
NORDEA BANK FINLAND Plc
