Copenhagen, 2016-05-10 13:48 CEST (GLOBE NEWSWIRE) --
On 22 April 2016 ISDA’s (International Swaps and Derivatives Association) Determination Committee resolved that a Restructuring Credit Event has occurred in relation to Norske Skogsindustrier ASA.
Based on the above, Nordea Bank Finland Plc has determined that a Credit Event under the Terms and Conditions of the above mentioned Notes has occurred in relation to Norske Skogsindustrier ASA, which is a Reference Entity in the Notes.
The Credit Event related to Norske Skogsindustrier ASA is the second Credit Event in relation to the respective Notes. As a result of the Credit Event the Target Redemption Amount of the respective Notes will be reduced as per the table below, subject to any further Credit Events.
| ISIN | Name | Initial Target Redemption Amount (%) | Reduced Target Redemption Amount as a result of the Credit Event (%) | Final Terms dated |
| DK0030337670 |
Kredit Alternativ II 2019 |
132.00 | 127.60 | 11 April 2014 |
| DK0030337241 |
Kredit Alternativ 2019 |
132.36 | 127.95 | 28 March 2014 |
| DK0030363080 |
Kreditbevis Europa HY 2020 |
129.46 | 126.01 | 19 June 2015 |
Capitalised terms used in this notice have the same meaning as in the Final Terms and the Base Prospectus for the Notes.
For further information regarding the determination of the Redemption Amount reference is made to the Final Terms.
Questions can be directed to Peter Kijne, Nordea Markets, telephone + 45 33 33 53 39.
