Copenhagen, 2014-02-21 10:58 CET (GLOBE NEWSWIRE) --
On behalf of the Issuer, Nordea Bank Danmark A/S hereby announces that ordinary redemption of NBF BRIC will take place on 27 February 2014 (the “Notes”). The Notes will redeem at a price of 112.00.
Capitalized terms used in this notice shall have the meaning given to them in the Final Terms for the Notes dated as of 24 February 2006 (the “Final Terms”).
Pursuant to the Final Terms, unless previously redeemed or purchased and cancelled, the Issuer shall redeem the Notes on the Maturity Date at an amount in EUR in respect of each Note determined by the Calculation Agent as the product of EUR 50,000 and the greater of:
1. the Final Protected Level divided by 100; and
2. the Final Portfolio Level divided by 100,
provided that if a Fund Disruption Event occurs or is subsisting on the Final Valuation Date then the Calculation Agent may determine the Final Redemption Amount in its own and absolute discretion acting in a commercially reasonable manner and in accordance with the principles contained in these Final Terms.
No Fund Disruption Event has occurred or is subsisting as of the Final Valuation Date.
The Final Protected Level has been determined to 112.00% (calculated as Initial Protected Level + highest integer of 10 × 30%, where Initial Protected Level= 100.00% and highest integer of 10=40%)
The Final Portfolio Level has been determined to 0%
The Final Protected Level divided by 100 is thus greater than the Final Portfolio Level divided by 100 and the Redemption Amount per Note is thus calculated as:
EUR 50,000 × 1.12= EUR 56.000
Reference is made to the Final Terms dated 24 February 2006.
Questions relating to the Notes can be directed to Marcus Ericsson, phone +45 33 33 6095.
