Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 6 new turbo warrant series on 12 May 2011

Nordea Bank AB (publ) issues 6 new turbo warrant series on 12 May 2011          

Nordea Bank AB (publ) will issue 6 new turbo warrant series on 12 May 2011 under
its warrant programme. The underlying assets of the turbo warrants are Stora    
Enso Oyj (STERV), Talvivaara Kaivososakeyhtiö Oyj (TLV1V) and UPM-Kymmene Oyj   
(UPM1V) shares and DAX index. 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 6 October 2010.  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.                                                  
                                                                                
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| Issuer           | Nordea Bank AB (publ)                                     |
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| Instrument name  | Turbo Warrant (call / put)                                |
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| Underlying asset | Stora Enso Oyj (STERV), Talvivaara Kaivososakeyhtiö Oyj   |
|                  | (TLV1V) and UPM-Kymmene Oyj (UPM1V) shares and DAX index  |
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| Barrier          | Most recent transaction prices during continuous trading  |
| Reference Price  | quoted on a Reference Source commencing from the Listing  |
|                  | Date up to and including the Closing Date. The Bank       |
|                  | reserves the right to determine whether a level is        |
|                  | reasonable and may thereby constitute a Barrier Reference |
|                  | Price.                                                    |
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| Cash Settlement  | For Turbo Call Warrants:                                  |
| amount           | (Closing Price - Strike Price) x                          |
|                  | Multiplier                                                |
|                  | If the Closing Price is equal or lower than               |
|                  | the Strike Price, no Cash Settlement Amount is paid       |
|                  | out.                                                      |
|                  |                                                           |
|                  | For Turbo Put Warrants:                                   |
|                  | (Strike Price - Closing                                   |
|                  | Price) x Multiplier                                       |
|                  | If the Closing Price is equal to or                       |
|                  | higher than the Strike Price, no Cash Settlement Amount   |
|                  | is paid out.                                              |
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| Closing Price    | Reference Price on Closing Price Determination Date (see  |
|                  | more information in the Final Terms of the Turbo          |
|                  | Warrants).                                                |
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| Closing Price    | In case of Share:                                         |
| Determination    | Official Closing price on Final Trading                   |
| Date             | Day.                                                      |
|                  |                                                           |
|                  | In case of Index:                                         |
|                  | Final Settlement Price                                    |
|                  | provided by EUREX                                         |
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| Expiration date  | The earlier of Expiration Date in Final Terms,  Table 2   |
| /                | or for:                                                   |
| Final trading    |                                                           |
| day              | 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.                                            |
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| Market place     | Nasdaq OMX Helsinki Ltd                                   |
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| Reference Source | In case of Share:                                         |
|                  | Nasdaq OMX Helsinki Ltd                                   |
|                  |                                                           |
|                  | In case of                                                |
|                  | Index:                                                    |
|                  | EUREX                                                     |
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| Reference price  | Closing Price on Closing Price Determination Date         |
| determination    |                                                           |
| method           |                                                           |
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| Exercise         | The Bank carries out automatic cash settlement            |
| procedure        |                                                           |
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| Listing currency | EUR                                                       |
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| Trading lot      | 1 warrant                                                 |
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| Total number of  | 500 000 -  750 000                                        |
| warrants         |                                                           |
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| 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 warrants are subject to trading on a regulated        |
|                  | market, multilateral trading facility or other            |
|                  | marketplace. The undertaking is valid in the continuous   |
|                  | trading of the regulated market, multilateral trading     |
|                  | facility or other marketplace.                            |
|                  |                                                           |
|                  | 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 in those cases where the limitation  |
|                  | is expected to extend for more than one trading day.      |
|                  |                                                           |
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| Additional       | Additional information on the company and the development |
| information on   | of the value of the underlying company is available on    |
| the underlying   | the website of the OMX Nordic Exchange Helsinki:          |
| asset and        | http://omxgroup.com/nordicexchange/ and on the website of |
| underlying       | the underlying companies www.storaenso.com,               |
| company          | www.talvivaara.com, www.upm-kymmene.com and               |
|                  | www.deutsche-boerse.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.                      |
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The warrants to be issued:                                                      
                                                                                
Table 1                                                                         
                                                                                
                                                                                
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| Warrant      | Warrant   | Underlying  | Underlying  | Underlyi | Additional |
| Trad         | I         | instrument  | instrument  | ng       | Informati  |
| ing          | SIN       |             | ISIN code   | Currenc  | on         |
| code         | code      |             |             | y        | on         |
|              |           |             |             |          | the        |
|              |           |             |             |          | underl     |
|              |           |             |             |          | ying       |
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| TSTE1I       | FI4000022 | Stora       | FI000900596 | EUR      | www.       |
| 7NDS         | 983       | Enso        | 1           |          | stora      |
|              |           | Oyj         |             |          | enso.      |
|              |           |             |             |          | com        |
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| TTLV1I       | FI4000022 | Talvivaaran | FI000901471 | EUR      | www.       |
| 45NDS        | 991       | Kaivososak  | 6           |          | talvi      |
|              |           | eyhtiö Oyj  |             |          | vaara.     |
|              |           |             |             |          | com        |
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| TUPM1I       | FI4000023 | UPM-        | FI000900598 | EUR      | www.upm-   |
| 115NDS       | 007       | Kymmen      | 7           |          | k          |
|              |           | e Oyj       |             |          | ymmene.com |
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| TUPM1U       | FI4000023 | UPM-        | FI000900598 | EUR      | www.upm-   |
| 155NDS       | 015       | Kymmen      | 7           |          | k          |
|              |           | e Oyj       |             |          | ymmene.com |
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| TDAX1G7300ND | FI4000023 | DAX         | DE000846900 | EUR      | www.       |
| S            | 023       |             | 8           |          | deuts      |
|              |           |             |             |          | che-       |
|              |           |             |             |          | boers      |
|              |           |             |             |          | e.com      |
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| TDAX1S7600ND | FI4000023 | DAX         | DE000846900 | EUR      | www.       |
| S            | 031       |             | 8           |          | deuts      |
|              |           |             |             |          | che-       |
|              |           |             |             |          | boers      |
|              |           |             |             |          | e.com      |
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Table 2                                                                         
                                                                                
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| Warrant      | Stri | Barr | Typ | Multip | Total  | Issue   | Expi- | Settl |
| Trad         | ke   | ier  | e   | lier   | number | d       | rati  | e-    |
| ing          | p    | leve |     |        | of     | ate     | on    | me    |
| code         | rice | l    |     |        | wa     |         | Da    | nt    |
|              |      |      |     |        | rrants |         | te    | Da    |
|              |      |      |     |        |        |         |       | te    |
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| TSTE1I       | 7,00 | 7,25 | C   |   1    | 500 00 | 12.5.20 | 16.9. | 23.9. |
| 7NDS         |      |      |     |        | 0      | 11      | 2011  | 2011  |
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| TTLV1I       | 4,50 | 4,90 | C   |   1    | 500 00 | 12.5.20 | 16.9. | 23.9. |
| 45NDS        |      |      |     |        | 0      | 11      | 2011  | 2011  |
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| TUPM1I 115ND | 11,5 | 11,9 | C   |   1    | 500 00 | 12.5.20 | 16.9. | 23.9. |
| S            | 0    | 0    |     |        | 0      | 11      | 2011  | 2011  |
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| TUPM1U 155ND | 15,5 | 15,1 | P   |   1    | 500 00 | 12.5.20 | 16.9. | 23.9. |
| S            | 0    | 0    |     |        | 0      | 11      | 2011  | 2011  |
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| TDAX1G7300ND | 7    | 7    | C   | 1/150  | 750 00 | 12.5.20 | 15.7. | 22.7. |
| S            | 300  | 325  |     |        | 0      | 11      | 2011  | 2011  |
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| TDAX1S7600ND | 7    | 7    | P   | 1/150  | 750 00 | 12.5.20 | 15.7. | 22.7. |
| S            | 600  | 575  |     |        | 0      | 11      | 2011  | 2011  |
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Helsinki, 11 May 2011                                                           
                                                                                
NORDEA BANK AB (publ)                                                           
                                                                                
                                                                                
                                                                                
Juha Mikkilä                                                                    
                                                                                
For further information, please contact Juha Mikkilä tel. +358-9-369 50112.