Obligation Landsbanki 0.2% ( XS1234802012 ) en SEK

Société émettrice Landsbanki
Prix sur le marché 100 %  ⇌ 
Pays  Suede
Code ISIN  XS1234802012 ( en SEK )
Coupon 0.2% par an ( paiement annuel )
Echéance 22/05/2017 - Obligation échue



Prospectus brochure de l'obligation Landshypotek Bank XS1234802012 en SEK 0.2%, échue


Montant Minimal 1 000 000 SEK
Montant de l'émission 1 000 000 000 SEK
Description détaillée Landshypotek Bank est une banque suédoise spécialisée dans les prêts hypothécaires et les services financiers aux secteurs agricole et forestier, ainsi qu'aux particuliers et aux entreprises.

L'Obligation émise par Landsbanki ( Suede ) , en SEK, avec le code ISIN XS1234802012, paye un coupon de 0.2% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 22/05/2017

















TERMS AND CONDITIONS OF THE NOTES
Any reference in this section to ``applicable Final Terms'' shall be deemed to include a reference to
``applicable Pricing Supplement'' where relevant.
The following are the Terms and Conditions of the Notes which will be incorporated by reference into each
Global Note (as defined below) and each Definitive Note, in the latter case only if permitted by the relevant
stock exchange or other relevant authority (if any) and agreed by the Issuer and the relevant Dealer at the
time of issue but, if not so permitted and agreed, such definitive Note will have endorsed thereon or attached
thereto such Terms and Conditions. The applicable Pricing Supplement in relation to any Tranche of
Exempt Notes may specify other terms and conditions which shall, to the extent so specified or to the extent
inconsistent with the following Terms and Conditions, replace or modify the following Terms and
Conditions for the purpose of such Notes. The applicable Final Terms (or the relevant provisions thereof)
will be endorsed upon, or attached to, each Global Note and definitive Note. Reference should be made to
``Applicable Final Terms'' for a description of the content of Final Terms which will specify which of such
terms are to apply in relation to the relevant Notes.
This Note is one of a Series (as defined below) of Notes issued by Landshypotek Bank AB (publ) (the
Issuer) pursuant to the Agency Agreement (as defined below).
References herein to the Notes shall be references to the Notes of this Series and shall mean:
(i)
in relation to any Notes represented by a global Note (a Global Note), units of each Specified
Denomination in the Specified Currency;
(ii)
any Global Note; and
(iii) any definitive Notes issued in exchange for a Global Note.
The Notes and the Coupons (as defined below) have the benefit of an Agency Agreement (such Agency
Agreement as amended and/or supplemented and/or restated from time to time, the Agency Agreement)
dated 28 May 2014 and made between the Issuer, Deutsche Bank AG, London Branch as issuing and
principal paying agent and agent bank (the Agent, which expression shall include any successor agent)
and the other paying agents named therein (together with the Agent, the Paying Agents, which
expression shall include any additional or successor paying agents).
Interest bearing definitive Notes have interest coupons (Coupons) and in the case of Notes which, when
issued in definitive form, have more than 27 interest payments remaining, talons for further Coupons
(Talons) attached on issue. Any reference herein to Coupons or coupons shall, unless the context
otherwise requires, be deemed to include a reference to Talons or talons. Global Notes do not have
Coupons or Talons attached on issue.
The Final Terms for this Note (or the relevant provisions thereof) are set out in Part A of the Final Terms
attached to or endorsed on this Note which complete these Terms and Conditions or, if this Note is a
Note which is neither admitted to trading on a regulated market in the European Economic Area nor
offered in the European Economic Area in circumstances where a prospectus is required to be published
under the Prospectus Directive (an Exempt Note), the final terms (or the relevant provisions thereof) are
set out in Part A of the Pricing Supplement and may specify other terms and conditions which shall, to the
extent so specified or to the extent inconsistent with these Terms and Conditions, replace or modify these
Terms and Conditions for the purposes of this Note. References to the applicable Final Terms are to Part
A of the Final Terms (or the relevant provisions thereof) attached to or endorsed on this Note. Any
reference in the Conditions to applicable Final Terms shall be deemed to include a reference to
applicable Pricing Supplement where relevant. The expression Prospectus Directive means Directive
2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive) to the extent
implemented in the relevant Member State of the European Economic Area and includes any relevant
implementing measure in the relevant Member State and the expression 2010 PD Amending Directive
means Directive 2010/73/EU.
Any reference to Noteholders or holders in relation to any Notes shall mean the holders of the Notes and
shall, in relation to any Notes represented by a global Note, be construed as provided below. Any
reference herein to Couponholders shall mean the holders of the Coupons and shall, unless the context
otherwise requires, include the holders of the Talons.
As used herein, Tranche means Notes which are identical in all respects (including as to listing and
admission to trading) and Series means a Tranche of Notes together with any further Tranche or
Tranches of Notes which (i) are expressed to be consolidated and form a single series and (ii) have the
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same terms and conditions or terms and conditions which are the same in all respects save for the amount
and date of the first payment of interest thereon and the date from which interest starts to accrue.
The Noteholders and the Couponholders are entitled to the benefit of the Deed of Covenant (such Deed
of Covenant as modified and/or supplemented and/or restated from time to time, the Deed of Covenant)
dated 28 May 2014 and made by the Issuer. The original of the Deed of Covenant is held by the common
depositary for Euroclear (as defined below) and Clearstream, Luxembourg.
Copies of the Agency Agreement and the Deed of Covenant are available for inspection during normal
business hours at the specified office of each of the Paying Agents. If the Notes are to be admitted to
trading on the regulated market of the Luxembourg Stock Exchange the applicable Final Terms will be
published on the website of the Luxembourg Stock Exchange (www.bourse.lu). If this Note is an Exempt
Note, the applicable Pricing Supplement will only be obtainable by a Noteholder holding one or more
Notes and such Noteholder must produce evidence satisfactory to the Issuer and the relevant Paying
Agent as to its holding of such Notes and identity. The Noteholders and the Couponholders are deemed
to have notice of, and are entitled to the benefit of, all the provisions of the Agency Agreement, the Deed
of Covenant and the applicable Final Terms which are applicable to them. The statements in these Terms
and Conditions include summaries of, and are subject to, the detailed provisions of the Agency
Agreement.
Words and expressions defined in the Agency Agreement or used in the applicable Final Terms shall
have the same meanings where used in these Terms and Conditions unless the context otherwise requires
or unless otherwise stated and provided that, in the event of inconsistency between the Agency
Agreement and the applicable Final Terms, the applicable Final Terms will prevail.
In these Terms and Conditions, euro means the currency introduced at the start of the third stage of
European economic and monetary union pursuant to the Treaty on the Functioning of the European
Union, as amended.
1.
Form, Denomination and Title
The Notes are in bearer form and, in the case of definitive Notes, serially numbered, in the Currency (the
Specified Currency) and the denominations (the Specified Denomination(s)) specified in the applicable
Final Terms. Notes of one Specified Denomination may not be exchanged for Notes of another Specified
Denomination.
This Note may be a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note or a combination of any
of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms.
Definitive Notes are issued with Coupons attached, unless they are Zero Coupon Notes in which case
references to Coupons and Couponholders in these Terms and Conditions are not applicable.
Subject as set out below, title to the Notes and Coupons will pass by delivery. The Issuer and the Paying
Agents will (except as otherwise required by law) deem and treat the bearer of any Note or Coupon as
the absolute owner thereof (whether or not overdue and notwithstanding any notice of ownership or
writing thereon or notice of any previous loss or theft thereof) for all purposes but, in the case of any
Global Note, without prejudice to the provisions set out in the next succeeding paragraph.
For so long as any of the Notes is represented by a Global Note held on behalf of Euroclear Bank SA/NV
(Euroclear) and/or Clearstream Banking, socie´te´ anonyme (Clearstream, Luxembourg), each person
(other than Euroclear or Clearstream, Luxembourg) who is for the time being shown in the records of
Euroclear or of Clearstream, Luxembourg as the holder of a particular nominal amount of such Notes (in
which regard any certificate or other document issued by Euroclear or Clearstream, Luxembourg as to
the nominal amount of such Notes standing to the account of any person shall be conclusive and binding
for all purposes save in the case of manifest error) shall be treated by the Issuer and the Paying Agents as
the holder of such nominal amount of such Notes for all purposes other than with respect to the payment
of principal or interest on such nominal amount of such Notes, for which purpose the bearer of the
relevant Global Note shall be treated by the Issuer and any Paying Agent as the holder of such nominal
amount of such Notes in accordance with and subject to the terms of the relevant Global Note and the
expressions Noteholder and holder of Notes and related expressions shall be construed accordingly.
Notes which are represented by a Global Note will be transferable only in accordance with the rules and
procedures of Euroclear and Clearstream, Luxembourg, as the case may be. References to Euroclear
and/or Clearstream, Luxembourg shall, whenever the context so permits, be deemed to include a
reference to any additional or alternative clearing system specified in the applicable Final Terms.
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2.
Status of the Notes
Notes may be unsubordinated or subordinated as specified in the applicable Final Terms.
(a)
Status ­ Unsubordinated Notes
(i)
This Condition 2(a) is applicable in relation to Notes specified in the applicable Final Terms as
being unsubordinated or not specified therein as being subordinated and references to Notes
in this Condition 2(a) shall be construed accordingly.
(ii)
The Notes and any relative Coupons are direct, unconditional, unsubordinated and (subject to
the provisions of Condition 3) unsecured obligations of the Issuer and rank pari passu among
themselves and (save for certain obligations required to be preferred by law) equally with all
other unsecured obligations (other than subordinated obligations, if any) of the Issuer, from
time to time outstanding.
(b)
Status ­ Subordinated Notes
(i)
This Condition 2(b) is applicable in relation to Notes specified in the applicable Final Terms as
being subordinated (Subordinated Notes) and references to Notes in this Condition 2(b) shall
be construed accordingly.
(ii)
Notes specified as being subordinated constitute subordinated and unsecured obligations of
the Issuer and rank pari passu without any preference among themselves. The rights of a
Noteholder in respect of any Subordinated Note shall, in the event of the voluntary or
involuntary liquidation (likvidation) or bankruptcy (konkurs) of the Issuer, be subordinated in
right of payment to the claims of depositors and other unsubordinated creditors of the Issuer
but shall rank at least pari passu with all other subordinated indebtedness of the Issuer. The
Issuer reserves the right to issue further subordinated notes and other subordinated
obligations in the future, which may rank pari passu with the Subordinated Notes.
(iii) No Holder of Notes who in the event of the liquidation (likvidation) or bankruptcy (konkurs)
of the Issuer shall be indebted to the Issuer shall be entitled to exercise any right of set-off or
counterclaim against moneys owed by the Issuer in respect of the Notes held by such Holder.
As used herein:
subordinated indebtedness means any obligation, whether dated or perpetual/undated, of the Issuer
which by its terms is, or is expressed to be, subordinated in the event of liquidation (likvidation) or
bankruptcy (konkurs) of the Issuer to the claims of depositors and all other unsubordinated
creditors of the Issuer.
3.
Negative Pledge
This Condition 3 shall apply only to the Unsubordinated Notes and references to Notes shall be construed
accordingly.
So long as any of the Notes remains outstanding (as defined in the Agency Agreement), the Issuer shall
not, and shall procure that no member of the Group (as defined below) shall, create or permit to subsist
any encumbrance over all or any of its present or future revenues or assets to secure any Debt
Obligations, without at the same time securing the outstanding Notes or procuring that the outstanding
Notes are secured equally and rateably therewith by the same security or by such other security as the
Noteholders may by Extraordinary Resolution (as defined in the Agency Agreement) approve.
In these Terms and Conditions:
an encumbrance shall be construed as a reference to (a) a mortgage, charge, pledge, lien or other
encumbrance securing any obligation of any person, (b) any arrangement under which money or claims
to, or the benefit of, a bank or other account may be applied, set-off or made subject to a combination of
accounts so as to effect payment of sums owed or payable to any person or (c) any other type of
preferential arrangement (including title transfer and retention arrangements) having a similar effect;
Group means the Issuer and its Subsidiaries for the time being;
a Subsidiary of a company or corporation shall be construed as a reference to any company or
corporation:
(a)
which is controlled, directly or indirectly, by the first-mentioned company or corporation;
49


(b)
more than half the equity or issued share capital of which is beneficially owned, directly or
indirectly, by the first-mentioned company or corporation; or
(c)
which is a Subsidiary of another Subsidiary of the first-mentioned company or corporation
and, for these purposes, a company or corporation shall be treated as being controlled by another if that
other company or corporation is able to direct its affairs and/or to control the composition of its board of
directors or equivalent body; and
Debt Obligations means any indebtedness, which is in the form of, or represented by, notes, bonds or
other securities which are, or are to be, quoted, listed or dealt in or on any stock exchange or over-the-
counter market, other than Debt Obligations issued in accordance with the Swedish Act (2003: 1223) on
Issuance of Covered Bonds (Lag (2003: 1223) om utgivning av sa¨kersta¨llda obligationer), as amended
from time to time, (the S.O. Act).
4.
This Condition 4 has been left blank intentionally
5.
Interest
(a)
Interest on Fixed Rate Notes
Each Fixed Rate Note bears interest from and including the Interest Commencement Date to (but
excluding) the Maturity Date or, if the applicable final terms specifies that an Extended Final
Maturity Date applies, the Extended Final Maturity Date or any earlier Interest Payment Date
occurring after the Extended Final Maturity Date on which the Notes are redeemed in full,
provided that any amounts representing interest payable after the Maturity Date shall be paid at
such rate and on such dates as specified in the Final Terms.
If the Notes are in definitive form, except as provided in the applicable Final Terms, the amount of
interest payable on each Interest Payment Date in respect of the Fixed Interest Period ending on
such date will amount to the Fixed Coupon Amount. Payments of interest on any Interest Payment
Date will, if so specified in the applicable Final Terms, amount to the Broken Amount so specified.
Except in the case of Notes in definitive form where a Fixed Coupon Amount or Broken Amount is
specified in the applicable Final Terms, interest shall be calculated in respect of any period by
applying the Rate of Interest to:
(A) in the case of Fixed Rate Notes which are represented by a Global Note, the aggregate
outstanding nominal amount of the Fixed Rate Notes represented by such Global Note; or
(B) in the case of Fixed Rate Notes in definitive form, the Calculation Amount;
and, in each case multiplying such sum by the applicable Day Count Fraction, and rounding the
resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit
being rounded upwards or otherwise in accordance with applicable market convention. Where the
Specified Denomination of a Fixed Rate Note in definitive form is a multiple of the Calculation
Amount, the amount of interest payable in respect of such Fixed Rate Note shall be the product of
the amount (determined in the manner provided above) for the Calculation Amount and the
amount by which the Calculation Amount is multiplied to reach the Specified Denomination,
without any further rounding.
Day Count Fraction means, in respect of the calculation of an amount of interest in accordance with
this Condition 5(a):
(i)
if Actual/Actual (ICMA) is specified in the applicable Final Terms:
(a)
in the case of Notes where the number of days in the relevant period from (and
including) the most recent Interest Payment Date (or, if none, the Interest
Commencement Date) to (but excluding) the relevant payment date (the Accrual
Period) is equal to or shorter than the Determination Period during which the Accrual
Period ends, the number of days in such Accrual Period divided by the product of (1) the
number of days in such Determination Period and (2) the number of Determination
Dates (as specified in the applicable Final Terms) that would occur in one calendar
year; or
(b)
in the case of Notes where the Accrual Period is longer than the Determination Period
during which the Accrual Period ends, the sum of:
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(1)
the number of days in such Accrual Period falling in the Determination Period in
which the Accrual Period begins divided by the product of (x) the number of days
in such Determination Period and (y) the number of Determination Dates (as
specified in the applicable Final Terms) that would occur in one calendar year; and
(2)
the number of days in such Accrual Period falling in the next Determination Period
divided by the product of (x) the number of days in such Determination Period and
(y) the number of Determination Dates that would occur in one calendar year; and
(ii)
if 30/360 is specified in the applicable Final Terms, the number of days in the period from and
including the most recent Interest Payment Date (or, if none, the Interest Commencement
Date) to but excluding the relevant payment date (such number of days being calculated on
the basis of 12 30-day months) divided by 360.
In these Terms and Conditions:
Determination Period means the period from (and including) a Determination Date to but
excluding the next Determination Date;
Fixed Interest Period means the period from and including an Interest Payment Date (or the
Interest Commencement Date) to but excluding the next (or first) Interest Payment Date; and
sub-unit means, with respect to any currency other than euro, the lowest amount of such currency
that is available as legal tender in the country of such currency and, with respect to euro, means one
cent.
(b)
Interest on Floating Rate Notes
(i)
Interest Payment Dates
Each Floating Rate Note bears interest from (and including) the Interest Commencement
Date and such interest will be payable in arrear on either:
(A) the Specified Interest Payment Date(s) (each an Interest Payment Date) in each year
specified in the applicable Final Terms; or
(B) if no Specified Interest Payment Date(s) is/are specified in the applicable Final Terms,
each date (each an Interest Payment Date) which falls the number of months or other
period specified as the Specified Period in the applicable Final Terms after the preceding
Interest Payment Date or, in the case of the first Interest Payment Date, after the
Interest Commencement Date.
Such interest will be payable in respect of each Interest Period (which expression shall, in
these Terms and Conditions, mean the period from (and including) an Interest Payment Date
(or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment
Date).
If a Business Day Convention is specified in the applicable Final Terms and (x) if there is no
numerically corresponding day on the calendar month in which an Interest Payment Date
should occur or (y) if any Interest Payment Date would otherwise fall on a day which is not a
Business Day, then, if the Business Day Convention specified is:
(1)
in any case where Specified Periods are specified in accordance with Condition
5(b)(i)(B) above, the Floating Rate Convention, such Interest Payment Date (i) in the
case of (x) above, shall be the last day that is a Business Day in the relevant month and
the provisions of (B) below shall apply mutatis mutandis or (ii) in the case of (y) above,
shall be postponed to the next day which is a Business Day unless it would thereby fall
into the next calendar month, in which event (A) such Interest Payment Date shall be
brought forward to the immediately preceding Business Day and (B) each subsequent
Interest Payment Date shall be the last Business Day in the month which falls the
Specified Period after the preceding applicable Interest Payment Date occurred; or
(2)
the Following Business Day Convention, such Interest Payment Date shall be postponed
to the next day which is a Business Day; or
(3)
the Modified Following Business Day Convention, such Interest Payment Date shall be
postponed to the next day which is a Business Day unless it would thereby fall into the
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Document Outline