Obbligazione OP Corporate Banking 0% ( XS2218723398 ) in EUR

OP Corporate Banking

100 EUR ⇌

Finlandia

XS2218723398 ( in EUR )

09/08/2022 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione OP Corporate Bank XS2218723398 in EUR 0%, scaduta

OP Corporate Bank è una banca finlandese che fornisce servizi finanziari alle aziende, inclusi finanziamenti, gestione del rischio e servizi di pagamento.

The Obbligazione issued by OP Corporate Banking ( Finland ) , in EUR, with the ISIN code XS2218723398, pays a coupon of 0% per year.
The coupons are paid 4 times per year and the Obbligazione maturity is 09/08/2022

MiFID II product governance / Professional investors and eligible counterparties only target market
Solely for the purposes of the manufacturers' product approval process, the target market assessment in
respect of the Instruments has led to the conclusion that: (i) the target market for the Instruments is eligible
counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for
distribution of the Instruments to eligible counterparties and professional clients are appropriate. Any
person subsequently offering, selling or recommending the Instruments (a "distributor") should take into
consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market assessment in respect of the Instruments (by either
adopting or refining the manufacturers' target market assessment) and determining appropriate distribution
channels.
Final Terms dated 14 August 2020
OP Corporate Bank plc
(Incorporated in Finland with limited liability)
(the "Bank" or the "Issuer")
Legal Entity Identifier: 549300NQ588N7RWKBP98
Issue of EUR 400,000,000 Floating Rate Instruments due August 2022 (the "Instruments")
to be consolidated and form a single series with the existing
Issue of EUR 250,000,000 Floating Rate Instruments due August 2022 issued on 10 August 2020 (the
"Original Instruments")
under the EUR 20,000,000,000 Programme for the Issuance of Debt Instruments
Part A Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
base prospectus dated 13 February 2020 and the supplemental Base Prospectuses dated 28 February 2020,
30 April 2020 and 24 July 2020, which together constitute a base prospectus (the "Base Prospectus") for
the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the
Final Terms of the Instruments described herein for the purposes of the Prospectus Regulation and must be
read in conjunction with such Base Prospectus in order to obtain all the relevant information. Full
information on the Bank and the offer of the Instruments is only available on the basis of the combination
of these Final Terms and the Base Prospectus.
The Base Prospectus has been published on the websites of OP Corporate Bank plc (www.op.fi/op-
financial-group/debt-investors/Banks/op-corporate-bank-plc/emtn-base-prospectuses) and the Irish Stock
Exchange plc trading as Euronext Dublin ("Euronext Dublin") (www.ise.ie).

1.
Issuer:
OP Corporate Bank plc
2.
(i)
Series Number:
254

(ii)
Tranche Number:
2

(iii)
Date on which the Instruments
The Instruments will be consolidated and become
become fungible:
fungible and form a single Series with the Original
Instruments upon the exchange of the Temporary
Global Instrument for a Permanent Global
instrument as described in these Final Terms, as
referred to in paragraph 24 below which is expected
to occur on or about 28 September 2020
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount of

Instruments:

(i)
Series:
EUR 650,000,000
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(ii)
Tranche:
EUR 400,000,000

5.
Issue Price:
101.553 per cent. of the Aggregate Nominal Amount
plus 8 days of accrued interest in respect of the
period
from
(and
including)
the
Interest
Commencement Date to (but excluding) the Issue
Date.
6.
(i)
Specified Denominations:
EUR 100,000 and integral multiples of EUR 100,000
in excess thereof.

(ii)
Calculation Amount:
EUR 100,000
7.
(i)
Issue Date:
18 August 2020

(ii)
Interest Commencement Date:
10 August 2020
8.
Maturity Date:
10 August 2022
9.
Interest Basis:
EURIBOR + 1.05 per cent. Floating Rate
Condition 5B. (Interest Floating Rate)

(see paragraph 18 below)

10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/
Not Applicable
Payment Basis:
12.
Put/Call Options:
Not Applicable
13.
Status of the Instruments:
Unsubordinated Instruments
14.
Date Board approval for issuance of
Not Applicable
Instruments obtained:
15.
Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Instrument Provisions
Not Applicable
17. Resettable Instrument Provisions
Not Applicable
18. Floating Rate Instrument Provisions
Applicable

(i)
Interest Period(s):
Quarterly
(ii)
Specified Interest Payment
Quarterly in arrears on every 10 February, 10 May,
Dates:
10 August and 10 November, commencing from and
including 10 November 2020 to and including the
Maturity Date, subject to adjustment in accordance
with the Modified Following Business Day
Convention.
(iii)
First Interest Payment Date:
10 November 2020
(iv)
Business Day Convention:
Modified Following Business Day Convention
(v)
Business Centre(s):
TARGET
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(vi)
Manner in which the Rate(s) of
Screen Rate Determination
Interest is/are to be determined:
(vii)
Party responsible for calculating
Not Applicable
the Rate(s) of Interest and/or
Interest Amount(s) (if not the
Fiscal Agent):

(viii)
Screen Rate Determination:

· Reference Rate:
Three (3) months EURIBOR (or any successor or
replacement rate)

· Relevant Time:
11:00am, Brussels time

· Interest Determination
Two Business Days prior to the first day of the
Date(s):
Relevant Interest Period

· Relevant Screen Page:
Reuters Page EURIBOR01 (or any successor or
replacement page)

· Observation Look-back
Not Applicable
Period:

(ix)
Swap-related (ISDA):
Not Applicable

(x)
ISDA Benchmarks Supplement:
Not Applicable

(xi)
Linear Interpolation:
Not Applicable

(xii)
Margin(s):
+ 1.05 per cent. per annum

(xiii)
Minimum Rate of Interest:
Not Applicable

(xiv)
Maximum Rate of Interest:
Not Applicable

(xv)
Day Count Fraction:
Actual/360
19. Zero Coupon Instrument Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
20. Call Option
Not Applicable
21. Put Option
Not Applicable
22. Final Redemption Amount
EUR 100,000 per Calculation Amount
23. Early Redemption Amount

Early Redemption Amount(s) per
EUR 100,000 per Calculation Amount
Calculation Amount payable on
redemption for taxation reasons or on
event of default or other early redemption:
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
24. Form of Instruments:
Bearer Instruments:
Temporary Global Instrument exchangeable for a
Permanent Global Instrument which is exchangeable
for
Definitive
Instruments
in
the
limited
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circumstances specified in the Permanent Global
Instrument

25. New Global Instrument:
Yes
26. Financial Centre(s) or other special
TARGET
provisions relating to payment dates:
27. Talons for future Coupons or Receipts to
No
be attached to Definitive Instruments (and
dates on which such Talons mature):
28. Redenomination, renominalisation and
Not Applicable
reconventioning provisions (Condition
16):
29. Substitution or variation (Condition 9):

Substitution or variation following a
Not Applicable
Capital Event:

Substitution or variation following an
Not Applicable
MREL Disqualification Event:
30. Prohibition of Sales to EEA and UK
Not Applicable
Retail Investors:
31. Green Bond:
No

Signed on behalf of the Bank:

By: .................................
By: .................................
Duly authorised
Duly authorised

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Part B Other Information
1.
LISTING AND ADMISSION TO TRADING

Admission to trading:
Application has been made to Euronext Dublin for
the Instruments to be admitted to the Official List
and to trading on the Regulated Market of Euronext
Dublin with effect from 18 August 2020.

Estimate of total expenses related to admission EUR 1,000
to trading:
2.
RATINGS

The Instruments to be issued are expected to be rated:

S&P Global Ratings Europe Limited: AA-

Moody's Investors Service (Nordics) AB: Aa3
3.
REASONS FOR THE OFFER AND ESTIMATED NET AMOUNT OF PROCEEDS
Reasons for the Offer:
The proceeds of the issue of the Instruments will be
used by the Bank for general corporate purposes.
Estimated net proceeds:
EUR 406,263,200.00
4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the Bank is aware, no
person involved in the offer of the Instruments has an interest material to the offer.
5.
OPERATIONAL INFORMATION

ISIN:
Until the Instruments are consolidated, become
fungible and form a single Series with the Original
Instruments, they will have the temporary ISIN
code XS2218723398; thereafter the Instruments
will have the ISIN Code XS2213830289

Common Code:
Until the Instruments are consolidated, become
fungible and form a single Series with the Original
Instruments, they will have the temporary Common
Code 221872339; thereafter the Instruments will
have the Common Code 221383028

FISN:
OP CORPORATE BA/VAREMTN 20220810, as
updated, as set out on the website of the
Association of National Numbering Agencies
(ANNA) or alternatively sourced from the
responsible National Numbering Agency that
assigned the ISIN

CFI code:
DTVXFB, as updated, as set out on the website of
the Association of National Numbering Agencies
(ANNA) or alternatively sourced from the
responsible National Numbering Agency that
assigned the ISIN

Any clearing system(s) other than Euroclear
Not Applicable
Bank SA/NV and Clearstream Banking S.A.
and the relevant identification number(s):
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Delivery:
Delivery against payment

Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):

New Global Instrument intended to be held in Yes. Note that the designation "Yes" simply means
a manner which would allow Eurosystem
that the Instruments are intended upon issue to be
eligibility:
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that the
Instruments will be recognised as eligible collateral
for Eurosystem monetary policy and intraday
credit operations by the Eurosystem either upon
issue or at any or all times during their life. Such
recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have
been met.

6.
DISTRIBUTION

(i)
If syndicated, names of Managers:
Not Applicable

(ii) Stabilising Manager(s) (if any):
Not Applicable

(iii) Date of Subscription Agreement:
Not Applicable

If non-syndicated, name and address of
BNP Paribas
Dealer:
10 Harewood Avenue
London
NW1 6AA
United Kingdom

U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

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