Obligation Slovenska Sporitelna a.s. 0.125% ( SK4000015400 ) en EUR

Slovenska Sporitelna a.s.

100 % ⇌

Slovaquie

SK4000015400 ( en EUR )

0.125% par an ( paiement annuel )

12/06/2026 - Obligation échue

Prospectus brochure de l'obligation Slovenská Sporitelna AS SK4000015400 en EUR 0.125%, échue

Slovenská Sporite??a, a.s. est la plus grande banque de Slovaquie, filiale du groupe Erste Group.

L'Obligation émise par Slovenska Sporitelna a.s. ( Slovaquie ) , en EUR, avec le code ISIN SK4000015400, paye un coupon de 0.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 12/06/2026

INFORMATORY ENGLISH LANGUAGE TRANSLATION
FINAL TERMS

7 June 2019

Slovenská sporitea, a.s.
Aggregate Amount of the Offer: EUR 500,000,000
Name of the Notes: Kryté dlhopisy SLSP 2026 I
issued under the Debt Securities Issuance Programme in accordance with the base prospectus dated 25 July 2018.
Issue Price: 99.334%
ISIN: SK4000015400
These Final Terms were prepared for the purposes of Section 121(10) of the Securities Act and Article 5(4) of the
Prospectus Directive and in order to obtain comprehensive information, they must be read, considered and
interpreted in conjunction with the base prospectus (the Prospectus) of the Programme - the offering programme of
debt securities that are to be continuously or repeatedly issued by Slovenská sporitea, a.s. (the Issuer).
The Prospectus and any Prospectus Supplements are available in electronic form at the Issuer's website
www.slsp.sk. They are also available in written form for inspection at the Issuer's Balance Sheet Management
Department. The information regarding the Issuer and the Offer of the Notes is only complete when read in
conjunction with these Final Terms and the Prospectus and the relevant Prospectus Supplement. A Summary of the
Issue (if applicable) is attached to these Final Terms.
The Prospectus was approved by the National Bank of Slovakia by its decision 100-000-118-674 / NBS1-000-026-
956 dated 2 August 2018. The Prospectus Supplement No. 1 was approved by the National Bank of Slovakia by its
decision 100-000-126-192 / NBS1-000-028-368 dated 21 September 2018. The Prospectus Supplement No. 2 was
approved by the National Bank of Slovakia by its decision 100-000-166-542 / NBS1-000-036-793 dated 2 May
2019.
This part of the Final Terms, including the used defined terms, must be read in conjunction with the Common Terms
contained in the Prospectus. The risk factors related to the Issuer and the Notes are listed in the section of the
Prospectus entitled "Risk Factors".
If the Final Terms are translated into another language and there are any interpretation discrepancies between the
Final Terms in Slovak and the Final Terms translated into another language, the Slovak language version of the
Final Terms shall prevail.
In the event the Notes continue to be offered or re-offered after the expiration of the Prospectus, the relevant detailed
information will be available in the subsequent prospectus, and the still valid terms and conditions will be included
in the subsequent prospectus by reference. The subsequent prospectus will be published in the same way as the
Prospectus.
To obtain detailed information about the Notes, these Final Terms, the Prospectus and its Supplements (if any) must
be read together. The written form of the Prospectus, its possible supplements and other documents referred to in
these Final Terms or in the Prospectus may be freely inspected on request during ordinary business hours at the
Issuer's registered office where copies may be made free of charge.
MiFID II monitoring of the creation and distribution of a financial instrument / Eligible
Counterparties and Professional Clients Only Target Market
Solely for the purposes of its approval process, the Issuer as a manufacturer of a financial instrument by
examining the target market in respect of the Notes has assessed that: (i) the target market for the Notes is
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INFORMATORY ENGLISH LANGUAGE TRANSLATION
eligible counterparties and professional clients only in accordance with Directive 2014/65/EU, as
amended (MiFID II) and (ii) all channels for distribution of the Notes to this market are appropriate.
Any person who subsequently offers, sells or recommends the Notes (the Distributor) subjected to
MiFID II rules is responsible for carrying out its own analysis of the target market in respect of the Notes
(either by adopting or improving the target market assessment) and identifying their own appropriate
distribution channels. The Issuer will only be responsible as the manufacturer of the product in relation to
the offering of the Notes that it itself carries out.
The Notes are not intended to be offered, sold or otherwise made available and should not be
offered, sold or otherwise made available to any non-professional client (investor) in any Member
State of the European Economic Area.
PART A: PROVISIONS SUPPLEMENTING TERMS AND CONDITIONS OF THE NOTES
This part of the Final Terms together with section 9.1 (Information about securities) of the Common Terms shall
constitute the terms and conditions of the relevant issue of the Notes.
9.1(a) Basic information, form and manner of issue of the Notes
Type of Notes:
Covered Notes
ISIN:
SK4000015400
Depository:
Centrálny depozitár cenných papierov SR, a.s.,

ul. 29. augusta 1/A, 814 80 Bratislava
Principal Amount:
EUR 100,000
Currency:
EUR
Name:
Kryté dlhopisy SLSP 2026 I
Aggregate Amount of the Issue:
EUR 500,000,000
Estimated Net Proceeds from the Issue:
EUR 495,665,000
Aggregate Amount of the Offer:
EUR 500,000,000
Issue Price in %:
99.334%
Information about the accrued interest:
Not applicable.
Issue Date:
12 June 2019
Admission to trading:
The Issuer will submit an application to Burza cenných
papierov v Bratislave, a.s., with its registered office at
Vysoká 17, 811 06 Bratislava, ICO: 00 604 054, for the
admission of the Notes to trading on regulated free market.
9.1(b) Status of obligations
Status of obligations:
Obligations from the Covered Notes constitute direct,
general, secured, unconditional and unsubordinated
liabilities of the Issuer which rank pari passu among
themselves and always rank at least pari passu with any
other direct, general, similarly secured, unconditional and
unsubordinated obligations of the Issuer, present and
future, save for those obligations of the Issuer as may be
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INFORMATORY ENGLISH LANGUAGE TRANSLATION
stipulated by mandatory provisions of law.
9.1(d) Interest
Determination of interest:
The Notes bear a fixed interest rate throughout their life, in
the amount of 0.125% p. a. (the Interest Rate).
Yield to Maturity:
0.221% p.a.
Interest Payment Frequency:
annually
Interest Payment Date(s):
12 June in each year
First Interest Payment Date:
12 June 2020
Convention:
Act/Act
Screen page:
Not applicable.
Relevant value:
Not applicable.
9.1(e) Maturity of the Notes
Method of Redemption:
Bullet
Maturity Date:
12 June 2026
Repurchase:
The Issuer has the right to purchase any of the Notes on the
secondary market at any market price any time prior to the
Principal Amount Maturity Date. The Notes purchased by
the Issuer shall not cease to exist and the Issuer may keep
and resell them.
Early redemption of the Notes decided by the Not applicable. The Issuer may not, on the basis of its
Issuer:
decision, to redeem the Notes early.
Early redemption of the Notes with target Not applicable. The Notes do not have a target redemption
redemption upon reaching the Target Interest when reaching a certain amount of interest.
Amount:
9.1(f) Payment Terms and Conditions
Financial Centre:
Bratislava, TARGET
9.1(h) Taxation
Gross-up:
If such withholding or deduction is required by the laws of
the Slovak Republic, the Issuer will pay such additional
amounts to the Holder as will be necessary in order that the
net amount of the principal or interest received by the
Holders after such withholding or deduction will equal the
respective amounts which would otherwise have been
receivable in respect of the Notes in the absence of such
withholding or deduction (the Additional Amounts).
However, no such Additional Amounts will be payable on
account of any withheld or deduced tax which:
(i)
is payable by any person (including the Issuer)
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INFORMATORY ENGLISH LANGUAGE TRANSLATION
acting as custodian bank or collecting agent on
behalf of a Holder, or by the Issuer if no custodian
bank or collecting agent is appointed or otherwise
in any manner which does not constitute a
payment of tax by way of withholding or
deduction by the Issuer as tax payer;
(ii)
is payable by reason of the Holder having, or
having had, some personal or business connection
with the Slovak Republic;
(iii)
is withheld or deducted pursuant to: (A) any
European Union directive or other legal
instrument of the Union law concerning the
taxation of distributions income; or (B) any
international treaty relating to such taxation and to
which the Slovak Republic or the European Union
is a party; or (C) any provision of law
implementing, or complying with, such directive,
legal instrument or treaty;
(iv)
is payable by reason of a change in law that
becomes effective more than 30 days after the
relevant payment in respect of the Notes becomes
due; or
(v)
would not be payable if the Holder would provide
a certificate of residence, certificate of exemption
or any other similar documents required
according to the respective applicable regulations.
PART B: PROVISIONS SUPPLEMENTING CONDITIONS OF THE OFFER AND OTHER
INFORMATION
9.2 Conditions of the Offer
Type of Offer:
in an offer which is not subject to the obligation to publish
the Prospectus
Form of Offer:
syndicated transaction where (i) Commerzbank
Aktiengesellschaft, Kaiserstraße 16, 603111 Frankfurt am
Main, Germany; (ii) DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main, Platz der
Republik, 60325 Frankfurt am Main, Germany; (iii) Erste
Group Bank AG, Am Belvedere 1, 1100 Vienna, Austria;
and (iv) UniCredit Bank AG, Arabellastraße 12, D-81925
Munich, Germany act as joint lead managers with respect
to the Notes (together, the Joint Lead Managers)
Offer is addressed to:
qualified investors
Offer Commencement Date:
5 June 2019
Offer Termination Date:
5 June 2019
Description of the Application Procedure:
Applications should be made through the Joint Lead
Managers.
Settlement Date:
12 June 2019
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INFORMATORY ENGLISH LANGUAGE TRANSLATION
Minimum and Maximum Amount of the Order:
Not applicable.
Costs Charged to Investors:
Not applicable. No fees will be charged to investors with
regards to the subscription of the Notes.
Manner of Satisfying Orders:
in accordance with the allocation policy of the Issuer and
Joint Lead Managers, the orders can be scaled back
Distribution method:
Joint Lead Managers will distribute the Notes in the Slovak
Republic and also outside the Slovak Republic in one or
several manners to which the obligation to publish a
prospectus does not apply
9.3 Additional Information
Stabilisation Manager:
Not applicable. No Stabilisation Manager has been
appointed in connection with the issue of the Notes.
Description of other interests:
Subscription Agreement between Issuer and the Joint Lead
Managers will be signed on 7 June 2019.
The Joint Lead Managers and/or their affiliates have
engaged, and may in the future engage, in investment
banking and/or commercial banking transactions with, and
may perform other services for, the Issuer and its affiliates
in the ordinary course of business.
Unless stated above, as far as the Issuer is aware, no other
person has an interest material to the issue / offer of the
Notes.
Third Party Information:
Not applicable.
Credit Rating assigned to the Notes:
It is expected that the Notes will be rated Aaa by Moody's
Investors Service.
In Bratislava, on 7 June 2019.

______________________
______________________
Richard Kosecký
Richard Földes
General Proxy (prokurista)
General Proxy (prokurista)
Slovenská sporitea, a.s.
Slovenská sporitea, a.s.

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