Copenhagen, 2015-05-11 07:50 CEST (GLOBE NEWSWIRE) --
Overpayment of Interest
relating to
Capped Floater 2021
DKK Capped Floor Float “Par” structure Notes due 1 July 2021
(Series Number A211)
(the “Notes”)
ISIN: DK0030327440
issued by
NORDEA BANK FINLAND Plc
pursuant to the €10,000,000,000 Structured Note Programme
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Overpayment of Interest - reduction of the amount of interest payable on the next Interest Payment Date 1 July 2015
Capitalized terms used in this notice shall have the same meaning given to them in the terms and conditions set forth in the Base Prospectus dated 16 April 2013, as supplemented and the Final Terms for the Notes dated as of 31 January 2014.
The amount of interest paid to Noteholders on 1 April 2015 was DKK 425,727.50. The correct amount of interest paid to Noteholders should have been DKK 388,218.75, which entails that an Overpayment was made of DKK 37,053.75 (DKK 3.0125 per Specified Denomination). The Overpayment was due to an incorrect registration in VP of the applicable Interest Rate.
Pursuant to General Conditions relating to Interest (Condition 5(yy) in the Base Prospectus), if the Issuer determines, in its sole and absolute discretion, that the amount of interest actually paid to Noteholders on any Interest Payment Date was in excess of the amount of interest due and payable to Noteholders on such Interest Payment Date, as calculated in accordance with this Condition 5 (such amount an "Overpayment"), the Issuer may reduce the amount of interest payable on any subsequent Interest Payment Date in order to compensate the Issuer for such overpayment.
In order to compensate the Issuer for the Overpayment the amount of interest to be paid on 1 July 2015 will be reduced with an amount equal to the Overpayment, i.e. DKK 37,053.75
Dated 11 May 2015
NORDEA BANK FINLAND Plc
