Copenhagen, 2015-11-20 09:38 CET (GLOBE NEWSWIRE) --
Nordea Bank Finland Plc (the ”Issuer”) issues a series (B166) of Credit Linked Notes due 20 January 2021, Europa High Yield 2021, denominated in euro (“EUR”) with ISIN Code DK0030368394 and Common Code 132390878 (the "Notes").
The Notes are to be issued on 17 December 2015 and will be redeemed on 20 January 2021 in accordance with the performance structure: "Tranched CLN" structure with capital protection. The Target Redemption Amount is indicatively 124 per cent of the Principal Amount of each Note, and the return of the Notes depends on the occurrence of one or more Credit Events in selected obligations of a basket of 75 Reference Entities. The occurrence of a Credit Event in relation to a Reference Entity will have a more than proportional impact on the Redemption Amount of the Notes, i.e. for every Credit Event that occurs in relation to a Reference Entity the Target Redemption Amount will be reduced by 24/9 per cent (subject to provisions relating to “Successor” as set out in the Conditions). If no Credit Events occur the Notes will be redeemed at indicatively 124 per cent of the principal amount, if less than 9 Credit Events occur the Notes will be redeemed above 100 per cent of the principal amount and if 9 or more Credit Events occur the Notes being capital protected will redeemed at 100 per cent of the principal amount (minimum redemption amount).
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 20 November 2015 and the Base Prospectus, as so supplemented.
The offer period for the Notes will take place during the period from 23 November 2015, 9:00 CET until 11 December 2015, 16.00 CET. The Aggregate Nominal Amount of the Notes and the Target Redemption Amount will be determined after the subscription period and announced in a Final Terms Confirmation Announcement through NASDAQ OMX Copenhagen A/S.
The Issuer reserves its rights to cancel the offer if the Aggregate Principal Amount of the Notes subscribed on or before the Issue Date is less than EUR 7,000,000, if the Target Redemption Amount cannot be set to at least 122 per cent, or if any event of an economic, financial or political nature occurs and which may jeopardise a successful offer, as determined by the Issuer. The Issuer may also replace the Reference Entity at any time on or prior to Issue Date by a comparable type of underlying Reference Entity.
The Notes will be issued and registered with VP Securities A/S on 17 December 2015 and be admitted to trading and official listing on NASDAQ OMX Copenhagen A/S with the first day of trading on the same day.
We refer to the published Final Terms of the Notes.
Questions regarding the Notes may be directed to Peter Kijne, Nordea Markets, telephone 33 33 53 39.
