Nordea Bank AB (publ) will launch 3 new turbo warrant series on April
25th 2008 under its warrant programme. The underlying assets of the
turbo warrants are Nokia share (NOK1V). The warrants are call and put
turbo warrants. The turbo warrants are redeemed by cash payment. Upon
expiry of a turbo warrant, the possible net value is paid in cash to
the holder of the warrant.
Warrant specific terms and conditions
All turbo warrants are issued under the warrant programme of Nordea
Bank AB (publ) dated 29 May 2007. The base prospectus for the
warrant programme and the final terms for each turbo warrant serie
are available at the issuer's website: www.nordea.fi/warrantit. The
following terms only summarize the final terms and the base
prospectus.
Issuer Nordea Bank AB (publ)
Instrument name Turbo Warrant (call / put)
Underlying asset Nokia share (NOK1V)
Barrier Reference Most recent transaction prices during continuous
Price trading quoted on a Reference Source commencing
from the Listing Date up to and including the
Expiration Date. The Bank reserves the right to
determine whether a level is reasonable and may
thereby constitute a Barrier Reference Price.
Cash Settlement Where the Barrier Reference Price on a trading day
amount on the Reference Source is equal to or lower than
the Barrier Level (Turbo Call Warrant) or equal to
or higher than the Barrier Level (Turbo Put
Warrant), the Turbo Warrant becomes worthless and
no Cash Settlement Amount is paid out.
In other cases:
Turbo Call Warrant: (Closing Price - Strike Price)
x Multiplier
Turbo Put Warrant: (Strike Price - Closing Price)
x Multiplier
Closing Price Reference Price on Closing Price Determination
Date.
Closing Price Official Closing price on Expiration Date/Final
Determination Date Trading Day
Expiration date / The earlier of Expiration Date in Final Terms,
Final trading day Part 2, Table 2 or for:
Turbo Call Warrants: The trading day with respect
to which a Barrier Reference Price is listed equal
to or lower than the Barrier Level.
Turbo Put Warrants: The trading day with respect
to which a Barrier Reference Price is listed equal
to or higher than the Barrier Level.
Market place OMX Nordic Exchange Helsinki
Reference Source OMX Nordic Exchange Helsinki
Reference price Official Closing provided by OMX Nordic Exchange
determination Helsinki
method
Exercise procedure The Bank carries out automatic cash settlement
Listing currency EUR
Trading lot 1 warrant
Market maker Nordea Bank Finland Plc operates as the Market
Maker.
Nordea Bank Finland Plc undertakes to provide bid
and ask quotation for the warrants during the time
the warrant is subject to public trading. The
undertaking is valid in the continuous trading of
the stock exchange.
The difference between bid and ask quotation is at
the most:
10 cent, if the ask quotation is less than EUR
2.00
20 cent, if the ask quotation is more than or
equal to EUR 2.00
Quotations concern a minimum of one thousand
warrants. No bid quotation is given for warrants
the market value of which is less than one (1)
cent. Market Maker is entitled to define the
values of the parameters affecting the market
making quotation. Market Maker is not liable to
maintain its duties as Market Maker, if trading
with the underlying securities has ceased.
Market Maker reserves the right to temporarily
decline to quoting bid and ask prices during a
period in which the Market Maker hedges its own
position in an Underlying Assets and at such time
as the Market Maker believes there are to be
significant difficulties in quoting bid and ask
prices due to technical reasons.
In conjunction with such limitation of the Market
Maker's obligation to quote bid and ask prices,
the Market Maker shall notify parties on the
market regarding the limitation through a notice
via the exchange/marketplace.
Additional Additional information on the company and the
information on the development of the value of the underlying company
underlying asset is available on the website of the OMX Nordic
and underlying Exchange Helsinki:
company http://omxgroup.com/nordicexchange/ and on the
website of the underlying company: www.nokia.com.
Additional information on the volatility of the
underlying asset is available from the issuer, tel. +358 9 369 49134.
The investors should analyse information on the
company issuing the share before making decisions
on warrants.
The warrants to be issued:
Table 1:
Turbo Turbo Underlying Underlying Additional
Warrant Warrant instrument instrument Information on the
Trading code ISIN code ISIN code underlying
8FNOKEW16T FI0009648679 Nokia Oyj FI0009000681 www.nokia.com
8RNOKEW20T FI0009648687 Nokia Oyj FI0009000681 www.nokia.com
8RNOKEW21T FI0009648695 Nokia Oyj FI0009000681 www.nokia.com
Table 2:
Turbo Strike Type Multiplier Total Issue date Expiration Settlement
Warrant price / number of Date Date
Trading Barrier warrants
code level
8FNOKEW16T 16 C 1 5,000,000 25/04/2008 19/06/2008 27/06/2008
8RNOKEW20T 20 P 1 5,000,000 25/04/2008 19/06/2008 27/06/2008
8RNOKEW21T 21 P 1 5,000,000 25/04/2008 19/06/2008 27/06/2008
Helsinki, April 24th 2008
NORDEA BANK AB (publ)
Petri Simberg
For further information, please contact Petri Simberg tel. +358-9-369
49337
Nordea Bank AB (publ) issues 3 new turbo warrant series on April 25th 2008
| Quelle: Nordea Bank AB (publ.)