Obligation Svedbank 0.95% ( XS1848755358 ) en JPY

Svedbank

100 % ⇌

Suede

XS1848755358 ( en JPY )

0.95% par an ( paiement annuel )

29/06/2028

Prospectus brochure de l'obligation Swedbank XS1848755358 en JPY 0.95%, échéance 29/06/2028

100 000 000 JPY

11 000 000 000 JPY

29/06/2026 ( Dans 243 jours )

Swedbank est une banque nordique offrant des services bancaires aux particuliers et aux entreprises en Suède, ainsi qu'en Lettonie, en Lituanie et en Estonie.

Swedbank a émis une obligation (XS1848755358) de 11 000 000 000 JPY, à un taux d'intérêt de 0,95 %, échéant le 29 juin 2028, avec un paiement annuel des coupons et un prix actuel sur le marché de 100 %, la taille minimale d'achat étant de 100 000 000 JPY.

PRICING SUPPLEMENT
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be offered, sold
or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (i ) a customer
within the meaning of Directive 2002/92/EC, where that customer would not qualify as a professional client
as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus
Directive (as defined below). Consequently no key information document required by Regulation (EU) No
1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them
available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or
otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs
Regulation.
MiFID II product governance / Professional investors and eligible counterparties only target market
Solely for the purposes of the manufacturer's product approval process, the target market assessment in
respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible
counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for distribution
of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently
offering, selling or recommending the Notes (a "distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible for
undertaking its own target market assessment in respect of the Notes (by either adopting or refining the
manufacturer's target market assessment) and determining appropriate distribution channels.
NO PROSPECTUS IS REQUIRED IN ACCORDANCE WITH DIRECTIVE 2003/71/EC (AS AMENDED)
(THE "PROSPECTUS DIRECTIVE") FOR THE ISSUE OF NOTES DESCRIBED BELOW.
27 June 2018
SWEDBANK AB (publ)
Legal Entity Identifier (LEI): M312WZV08Y7LYUC71685
Issue of
JPY11,000,000,000 10 year Non-call 5 year Fixed Rate Resettable
Tier 2 Subordinated Notes due 2028
under the
U.S.$40,000,000,000 Global Medium Term Note Programme
PART A - CONTRACTUAL TERMS
Any person making or intending to make an offer of the Notes may only do so in circumstances in which no
obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus
Directive or to supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in
relation to such offer.
This document constitutes the Pricing Supplement for the Notes described herein. This document must be
read in conjunction with the Base Prospectus dated 16 May 2018 (the "Base Prospectus"). Full information
on Swedbank AB (publ) (the "Issuer") and the offer of the Notes is only available on the basis of the
combination of this Pricing Supplement and the Base Prospectus. The Base Prospectus has been published
on the website of the Central Bank of Ireland at https://www.centralbank.ie/regulation/industry-market-
sectors/securities-markets/prospectus-regulation/prospectuses and on the website of the Irish Stock

Exchange plc trading as Euronext Dublin at www.ise.ie and copies may be obtained during normal business
hours, free of charge, from the registered office of the Issuer at Landsvägen 40, SE-172 63 Sundbyberg,
Sweden and from the specified office of the Principal Paying Agent at Citigroup Centre, Canada Square,
Canary Wharf, London E14 5LB, United Kingdom.
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions
(the "Conditions") set forth in the Base Prospectus.
1.
Issuer:
Swedbank AB (publ)
2.
(i)
Series Number:
GMTN 343
(ii)
Tranche Number:
1
(iii)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
3.
Specified Currency or Currencies:
Japanese Yen ("JPY")
4.
Aggregate Nominal Amount:

(i)
Series:
JPY11,000,000,000
(ii)
Tranche:
JPY11,000,000,000
5.
Issue Price:
100.00 per cent of the Aggregate Nominal Amount
6.
(i)
Specified Denomination(s):
JPY100,000,000
(ii)
Calculation Amount:
JPY100,000,000
7.
(i)
Issue Date:
29 June 2018
(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
29 June 2028
9.
Interest Basis:
Reset Notes
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100.00 per cent of their nominal
amount
11.
Change
of
Interest
Basis
or Not Applicable
Redemption/ Payment Basis:
12.
Put/Call Options:
Issuer Call

(see paragraph 18 below)
13.
(i)
Status of the Notes:
Subordinated - Condition 3(c) will apply
(a)
Redemption upon occurrence of Applicable Condition 5(i) will apply

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Capital
Event
and
amounts
payable on redemption thereof:
If the Issuer elects to redeem the Notes following the
occurrence of a Capital Event pursuant to Condition
5(i), the Notes shall be redeemed in the amount of
JPY100,000,000 per Calculation Amount
Partial Capital Exclusion: Not Applicable
(b)
Redemption for taxation reasons:
Condition 5(b) will apply
Tax Event Call Applicable - Condition 5(b)(A)(ii) will
apply
(c)
Substitution or variation:
Not Applicable
(ii)
Date
Board
approval
for Not Applicable
issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions:
Not Applicable
(Condition 4(a))

15.
Reset Note Provisions
Applicable
(Condition 4(b))

(i)
Initial Rate of Interest:
0.95 per cent per annum payable in arrear on each
Interest Payment Date
(ii)
Initial Mid-Swap Rate:
0.09875 per cent
(iii)
First Margin:
+0.85125 per cent per annum
(iv)
Subsequent Margin:
Not Applicable
(v)
Interest Payment Date(s):
29 June and 29 December in each year, from and
including 29 December 2018, up to and including the
Maturity Date
(vi)
First Reset Date:
29 June 2023
(vii)
Second Reset Date:
Not Applicable
(viii)
Subsequent Reset Date(s):
Not Applicable
(ix)
Relevant Screen Page:
Bloomberg Reference Page "GDCO 157"
(x)
Mid-Swap Rate:
Mean Mid-Swap Rate
(xi)
Mid-Swap Floating Leg Maturity
6 months
(xii)
Initial
Mid-Swap
Rate
Final Applicable
Fallback:
-
Initial Mid-Swap Rate:
0.09875 per cent.

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(xiii)
Reset Period Maturity Initial Mid-
Not Applicable
Swap Rate Final Fallback:
(xiv)
Last Observable Mid-Swap Rate Not Applicable
Final Fallback:
(xv)
Mid-Swap Rate Conversion:
Not Applicable
(xvi)
Original Mid-Swap Rate Basis:
Semi-annual
(xvii)
Subsequent Reset Rate Mid-Swap Not Applicable
Rate Final Fallback:
(xviii)
Subsequent Reset Rate Last Not Applicable
Observable Mid-Swap Rate Final
Fallback:
(xix)
Day Count Fraction:
30/360
(xx)
Determination Dates:
Not Applicable
(xxi)
Business Centre(s):
Not Applicable
(xxii)
Calculation Agent:
Citibank, N.A., London Branch
(xxiii)
Other terms relating to the method None
of calculating interest for Reset
Notes:
(xxiv) Benchmark Discontinuation:
Applicable
16.
Floating Rate Note Provisions:
Not Applicable
(Condition 4(c))

17.
Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION

18.
Issuer Call:
Applicable
(i)
Optional Redemption Date(s):
29 June 2023
(ii)
Optional Redemption Amount(s) JPY100,000,000 per Calculation Amount
and method, if any, of calculation
of such amount(s):
(iii)
If redeemable in part:

(a)
Minimum Redemption
JPY0.00
Amount:
(b)
Maximum Redemption
Aggregate Nominal Amount of the Series outstanding
Amount:
on the Optional Redemption Date

4

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
None
(ii)
Admission to trading:
Not Applicable
(iii)
Estimate of total expenses related to Not Applicable
admission to trading:
2.
RATINGS
Ratings:
The Notes to be issued are expected to be rated
Baa1 by Moody's Investors Service Ltd. ("Moody's")
and A- by Standard and Poor's Credit Market
Services Europe Limited ("Standard & Poor's").
Each of Moody's and Standard & Poor's is
established in the European Union and is registered
under Regulation (EC) No. 1060/2009 (as amended).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
Save for any fees payable to the joint lead managers, so far as the Issuer is aware, no person
involved in the offer of the Notes has an interest material to the offer. The joint lead managers and
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.
4.
OPERATIONAL INFORMATION
(i)
ISIN Code:
XS1848755358
(ii)
Common Code:
184875535
(iii)
CFI
Not Applicable
(iv)
FISN
Not Applicable
(v)
Cusip:
Not Applicable
(vi)
CINS:
Not Applicable
(vii)
Swiss Security Number:
Not Applicable
(viii)
Any clearing system(s) other than Not Applicable
Euroclear Bank SA/NV, Clearstream
Banking S.A. and SIX SIS Ltd
(together with the address of each
such clearing system) and the
relevant identification number(s):

6

(ix)
Settlement procedures:
Customary
medium
term
eurobond
payment
procedures apply
(x)
Delivery:
Delivery against payment
(xi)
Names and addresses of additional Not Applicable
Transfer Agents and/or Paying
Agent(s) (including, in the case of
Swiss Domestic Notes, the Principal
Swiss Paying Agent and any other
Swiss Paying Agents) (if any):
(xii)
Intended to be held in a manner No. Whilst the designation is specified as "no" at the
which would allow Eurosystem date of this Pricing Supplement, should the
eligibility:
Eurosystem eligibility criteria be amended in the
future such that the Notes are capable of meeting
them the Notes may then be deposited with one of
the ICSDs as common safekeeper. Note that this
does not necessarily mean that the Notes will then
be recognised as eligible collateral for Eurosystem
monetary policy and intra day credit operations by
the Eurosystem at any time during their life. Such
recognition will depend upon the ECB being satisfied
that Eurosystem eligibility criteria have been met.
5.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated, names of Managers:
J.P. Morgan Securities plc
Mizuho International plc
Nomura International plc
(iii)
Date of Subscription Agreement:
27 June 2018
(iv)
Stabilisation Manager(s) (if any):
Not Applicable
(v)
If non-syndicated, name of Dealer:
Not Applicable
(vi)
Whether
TEFRA
D
rules
are TEFRA D
applicable or TEFRA rules are not
applicable:
(vii)
Additional selling restrictions:
Not Applicable
(viii)
Prohibition of Sales to EEA Retail Applicable
Investors:
6.
REASONS FOR THE OFFER

Reasons for the offer:
General Business Purposes

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