Nordea Bank AB (publ.) - Company Announcement

Nordea Bank AB (publ) issues 8 new index certificates bear series on 9 March 2010

Nordea Bank AB (publ) will launch 8 new index certificate bear series on 9 March
2010 under its warrant programme. The underlying asset of the index certificates
is a future contract linked toDow Jones Euro Stoxx 50 (Price) Index, Dow Jones
STOXX600 Sector Index, DAX Index and OMXH25 Index. The index certificates are
put certificates. The index certificates are redeemed by cash payment. Upon
expiry of a index certificate bear, the possible net value is paid in cash to
the holder of the certificate.



Index certificate bear specific terms and conditions



All index certificates are issued under the warrant programme of Nordea Bank AB
(publ) dated 6 October 2009. The base prospectus for the warrant programme and
the final terms for each warrant and certificate serie are available at the
issuer's website: www.nordea.fi/warrantit <http://www.nordea.fi/warrantit>. The
following terms only summarize the final terms and the base prospectus.



Please notice that the Final Terms of the issue are released only in English.





+-----------------------------------+------------------------------------------+
|Issuer                             |Nordea Bank AB (publ)                     |
+-----------------------------------+------------------------------------------+
|Instrument name                    |Index Certificate Bear (put)              |
+-----------------------------------+------------------------------------------+
|Underlying asset                   |A futures contract linked to Dow Jones    |
|                                   |Euro Stoxx 50 (Price) Index, Dow Jones    |
|                                   |STOXX600 Sector Index, DAX Index or OMXH25|
|                                   |Index.                                    |
+-----------------------------------+------------------------------------------+
|Cash Settlement Amount             |Accumulated value on the expiration date  |
+-----------------------------------+------------------------------------------+
|Closing Price                      |Accumulated value on the expiration date  |
+-----------------------------------+------------------------------------------+
|Closing Price Determination Date   |The earliest of the following dates:      |
|                                   |                                          |
|                                   |1.       Expiration Date: See Table 2;    |
|                                   |                                          |
|                                   |2.       The date declared expiration date|
|                                   |according to Expiration Date Determination|
|                                   |Day; or                                   |
|                                   |                                          |
|                                   |3.       If the value of the underlying   |
|                                   |contract rises 100% or more in one day it |
|                                   |constitutes an Early Expiration Event.    |
+-----------------------------------+------------------------------------------+
|Market place                       |Nasdaq OMX Helsinki                       |
+-----------------------------------+------------------------------------------+
|Barrier Level                      |200% of the underlying contracts reference|
|                                   |price the previous trading day.           |
+-----------------------------------+------------------------------------------+
|Reference Source                   |Dow Jones Euro Stoxx 50 (Price) Index and |
|                                   |STOXX600 Sector Indices:                  |
|                                   |                                          |
|                                   |EUREX                                     |
|                                   |                                          |
|                                   |DAX Index:                                |
|                                   |                                          |
|                                   |Deutche Börse Group                       |
|                                   |                                          |
|                                   |OMXH25 Index:                             |
|                                   |                                          |
|                                   |Nasdaq OMX Helsinki Ltd.                  |
+-----------------------------------+------------------------------------------+
|Reference price determination      |Valuation time for underlying instrument  |
|method                             |and currency is local time Helsinki 19:00.|
+-----------------------------------+------------------------------------------+
|Exercise procedure                 |The Bank carries out automatic cash       |
|                                   |settlement                                |
+-----------------------------------+------------------------------------------+
|Listing currency                   |EUR                                       |
+-----------------------------------+------------------------------------------+
|Total number of certificates       |1 000 000 (see Table 2 below)             |
+-----------------------------------+------------------------------------------+
|Trading lot                        |1 certificate                             |
+-----------------------------------+------------------------------------------+
|Market Maker                       |Nordea Bank operates as the Market Maker. |
|                                   |                                          |
|                                   |                                          |
|                                   |                                          |
|                                   |Market Maker undertakes to provide bid and|
|                                   |ask  quotation for the Certificates during|
|                                   |the   time  Certificates  are  subject  to|
|                                   |trading    on    a    regulated    market,|
|                                   |multilateral  trading  facility  or  other|
|                                   |market  place. 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 most (maximum spread):    |
|                                   |                                          |
|                                   |                                          |
|                                   |                                          |
|                                   |Four (4) percent or                       |
|                                   |                                          |
|                                   |0,10 EUR, if ask price is < 2 EUR         |
|                                   |                                          |
|                                   |                                          |
|                                   |                                          |
|                                   |Quotations  concern  a  minimum  amount of|
|                                   |five    hundred   Certificates.   No   bid|
|                                   |quotation  is given  for Certificates that|
|                                   |have  a  market  value  less than ten (10)|
|                                   |cents.  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 asset 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|
|                                   |regulated    market/multilateral   trading|
|                                   |facility/marketplace.                     |
|                                   |                                          |
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|Additional information on the      |Additional information on the company and |
|underlying asset and underlying    |the development of the value of the       |
|company                            |underlying asset is available on the      |
|                                   |website of the OMX Nordic Exchange        |
|                                   |Helsinki                                  |
|                                   |http://omxgroup.com/nordicexchange and    |
|                                   |www.stoxx.com <http://www.stoxx.com/> and |
|                                   |www.deutsche-boerse.com                   |
|                                   |<http://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 index before   |
|                                   |making decisions on certificates.         |
+-----------------------------------+------------------------------------------+


The index certificates bull to be issued:



Table 1



+-----------+------------+-----------------+------------+----------+-----------+
|Certificate|Certificate |Underlying       |Underlying  |Under-    |Additional |
|           |            |                 |            |          |           |
|Trading    |ISIN code   |index            |ISIN        |Lying     |Information|
|           |            |                 |            |          |           |
|code       |            |                 |code        |Instrument|on the     |
|           |            |                 |            |          |           |
|           |            |                 |            |currency  |underlying |
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |                 |            |          |www.nasdaqo|
|BEAR OMXH25|            |                 |FI0008900212|          |mx.com     |
|NF         |FI4000009675|HEX              |            |EUR       |<http://www|
|           |            |                 |            |          |.nasdaqomx.|
|           |            |                 |            |          |com/>      |
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |                 |            |          |www.deutsch|
|           |FI4000009485|                 |            |          |e-boerse.co|
|BEAR DAX NF|            |DAX INDEX        |DE0008469008|EUR       |m          |
|           |            |                 |            |          |<http://www|
|           |            |                 |            |          |.deutsche-b|
|           |            |                 |            |          |oerse.com/>|
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |                 |            |          |www.stoxx.c|
|           |FI4000009618|                 |            |          |om         |
|BEAR ESX50 |            |DJ EURO STOXX 50 |EU0009658145|EUR       |<http://www|
|NF         |            |INDEX            |            |          |.stoxx.com/|
|           |            |                 |            |          |>          |
|           |            |                 |            |          |           |
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |DJ STOXX 600     |            |          |www.stoxx.c|
|BEAR BANKS |            |BANKS            |EU0009658806|          |om         |
|NF         |FI4000009626|                 |            |EUR       |<http://www|
|           |            |                 |            |          |.stoxx.com/|
|           |            |                 |            |          |>          |
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |DJ STOXX 600     |            |          |www.stoxx.c|
|BEAR BARES |            |BASIC RESOURCES  |EU0009658624|          |om         |
|NF         |FI4000009634|                 |            |EUR       |<http://www|
|           |            |                 |            |          |.stoxx.com/|
|           |            |                 |            |          |>          |
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |DJ STOXX 600     |            |          |www.stoxx.c|
|BEAR OILG  |            |OIL&GAS          |EU0009658780|          |om         |
|NF         |FI4000009642|                 |            |EUR       |<http://www|
|           |            |                 |            |          |.stoxx.com/|
|           |            |                 |            |          |>          |
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |DJ STOXX 600     |            |          |www.stoxx.c|
|           |            |TELECOMUNICATIONS|EU0009658947|          |om         |
|BEAR TEL NF|FI4000009659|                 |            |EUR       |<http://www|
|           |            |                 |            |          |.stoxx.com/|
|           |            |                 |            |          |>          |
+-----------+------------+-----------------+------------+----------+-----------+
|           |            |DJ STOXX 600     |            |          |www.stoxx.c|
|BEAR HCAR  |            |HEATHCARE        |EU0009658723|          |om         |
|NF         |FI4000009667|                 |            |EUR       |<http://www|
|           |            |                 |            |          |.stoxx.com/|
|           |            |                 |            |          |>          |
+-----------+------------+-----------------+------------+----------+-----------+




Table 2



+------------+-------+--------------------------+--------+----------+----------+
|Certificate |Initial|Type Manage-  Total       |Issue   |Expiration|Settlement|
|            |       |                          |date    |          |Date      |
|Trading code| Price |     ment Fee number of   |        |Date      |          |
|            |       |                          |        |          |          |
|            |       |              certificates|        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|BEAR OMXH25 |       |     0,15%                |        |          |          |
|NF          |25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|            |       |     0,15%                |        |          |          |
|BEAR DAX NF |25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|BEAR ESTX50 |       |     0,15%                |        |          |          |
|NF          |25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|BEAR BANKS  |       |     0,3%                 |        |          |          |
|NF          |25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|BEAR BASRES |       |     0,3%                 |        |          |          |
|NF          |25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|BEAR OILGAS |       |     0,3%                 |        |          |          |
|NF          |25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|            |       |     0,3%                 |        |          |          |
|BEAR TEL NF |25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+
|            |       |     0,3%                 |        |          |          |
|BEAR HCAR NF|25     |P             1 000 000   |9.3.2010|10.2.2015 |17.2.2015 |
|            |       |                          |        |          |          |
+------------+-------+--------------------------+--------+----------+----------+




Helsinki, 8 March 2010



NORDEA BANK AB (publ)

Tommi Saarnio



For further information, please contact Tommi Saarnio, +358 9 369 49354.



[HUG#1391694]