Obligation Svedbank 1.5% ( XS1880928459 ) en EUR

Svedbank

100 % ▼

Suede

XS1880928459 ( en EUR )

1.5% par an ( paiement annuel )

17/09/2028

Prospectus brochure de l'obligation Swedbank XS1880928459 en EUR 1.5%, échéance 17/09/2028

18/09/2026 ( Dans 324 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.

L'Obligation émise par Svedbank ( Suede ) , en EUR, avec le code ISIN XS1880928459, paye un coupon de 1.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 17/09/2028

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"); (ii) 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 each 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/Directive 2014/65/EU (as amended,
"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 manufacturers' 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 manufacturers' target market assessment) and determining
appropriate distribution channels.
IMPORTANT NOTICE
In accessing the attached final terms (the "Final Terms") you agree to be bound by the following terms
and conditions.
The information contained in the Final Terms may be addressed to and/or targeted at persons who are
residents of particular countries only as specified in the Final Terms and/or in the Base Prospectus (as
defined in the Final Terms) and is not intended for use and should not be relied upon by any person outside
those countries and/or to whom the offer contained in the Final Terms is not addressed. Prior to relying on
the information contained in the Final Terms, you must ascertain from the Final Terms and/or the
Base Prospectus whether or not you are an intended addressee of the information contained therein.
Neither the Final Terms nor the Base Prospectus constitutes an offer to sell or the solicitation of an offer to
buy securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration, exemption from registration or qualification under the securities law of any
such jurisdiction.
The securities described in the Final Terms and the Base Prospectus have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered
or sold directly or indirectly within the United States or to, or for the account or benefit of, U.S. persons or to
persons within the United States of America (as such terms are defined in Regulation S under the Securities
Act ("Regulation S")). The securities described in the Final Terms will only be offered in offshore
transactions to non-U.S. persons in reliance upon Regulation S.
14 September 2018
SWEDBANK AB (publ)
Legal Entity Identifier (LEI): M312WZV08Y7LYUC71685

0013117-0002452 ICM:30910962.3A
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Issue of
EUR 500,000,000 Callable Resettable Subordinated Notes due 18 September 2028
under the
U.S.$40,000,000,000 Global Medium Term Note Programme
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 16 May 2018 (the "Base Prospectus") as supplemented by the supplement dated 18
July 2018 which together constitute a base prospectus for the purposes of the Prospectus Directive. For the
purposes of these Final Terms, "Prospectus Directive" means Directive 2003/71/EC (as amended, including
by Directive 2010/73/EU), and includes any relevant implementing measure in a relevant Member State.
This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of
the Prospectus Directive and must be read in conjunction with the Base Prospectus as so supplemented. Full
information on Swedbank AB (publ) (the "Issuer") and the offer of the Notes is only available on the basis of
the combination of these Final Terms and the Base Prospectus as so supplemented. The Base Prospectus and
the supplement have 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 Citibank, N.A., London Branch, Citigroup Centre, Canada Square, Canary Wharf,
London E14 5LB, United Kingdom.
1.
Issuer:
Swedbank AB (publ)
2.
(i)
Series Number:
GMTN 350
(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:
Euro ("EUR")
4.
Aggregate Nominal Amount:
EUR 500,000,000
(i)
Series:
EUR 500,000,000
(ii)
Tranche:
EUR 500,000,000
5.
Issue Price:
99.523 per cent of the Aggregate Nominal Amount
6.
(i)
Specified Denomination(s):
EUR 100,000 and integral multiples of EUR 1,000 in
excess thereof up to and including EUR 199,000. No
Notes in definitive form will be issued with a
denomination above EUR 199,000.
(ii)
Calculation Amount:
EUR 1,000
7.
(i)
Issue Date:
18 September 2018

0013117-0002452 ICM:30910962.3A
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(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
18 September 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 per cent of their nominal
amount
11.
Change of Interest Basis or Redemption/ Not Applicable
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)
Waiver of Set-Off
Applicable Condition 3(d) will apply

(b)
Redemption upon occurrence of a Not Applicable
MREL Disqualification Event and
amounts payable on redemption
thereof:
(c)
Redemption upon occurrence of Applicable Condition 5(i) will apply
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
EUR 1,000 per Calculation Amount
Partial Capital Exclusion: Applicable
(d)
Redemption for taxation reasons:
Condition 5(b) will apply
Tax Event Call Applicable - Condition 5(b)(A)(ii)
will apply
(e)
Substitution or variation:
Applicable Condition 5(l) will apply
(f)
Senior Preferred Notes Restricted Not Applicable
Events of Default:
(g)
Senior Preferred Notes Restricted Not Applicable
Gross Up:
(ii)13.2 Date Board approval for issuance Not Applicable
of Notes obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

0013117-0002452 ICM:30910962.3A
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14.
Fixed Rate Note Provisions:
Not Applicable
(Condition 4(a))

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

(i)
Initial Rate of Interest:
1.500 per cent per annum payable in arrear on each
Interest Payment Date
(ii)
Initial Mid-Swap Rate:
0.320 per cent
(iii)
First Margin:
+1.280 per cent per annum
(iv)
Subsequent Margin:
Not Applicable
(v)
Interest Payment Date(s):
18 September in each year, from and including 18
September 2019, up to and including the Maturity
Date
(vi)
First Reset Date:
18 September 2023
(vii)
Second Reset Date:
Not Applicable
(viii)
Subsequent Reset Date(s):
Not Applicable
(ix)
Relevant Screen Page:
Reuters screen ICESWAP2
(x)
Mid-Swap Rate:
Single Mid-Swap Rate
(xi)
Mid-Swap Floating Leg Maturity
6 months
(xii)
Initial
Mid-Swap
Rate
Final Applicable
Fallback:
-
Initial Mid-Swap Rate:
0.320 per cent
(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:
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:
Actual/Actual (ICMA)

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(xx)
Determination Dates:
18 September in each year
(xxi)
Business Centre(s):
Not Applicable
(xxii) Calculation Agent:
Not Applicable
(xxiii) 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):
18 September 2023
(ii)
Optional Redemption Amount(s):
EUR 1,000 per Calculation Amount
(iii)
If redeemable in part:

(a)
Minimum Redemption
Not Applicable
Amount:
(b)
Maximum
Redemption Not Applicable
Amount:
(iv)
Notice period (if other than as set As per Conditions
out in the Conditions):

19.
Investor Put:
Not Applicable
20.
Final Redemption Amount:
EUR 1,000 per Calculation Amount
21.
Early Redemption Amount:

Early Redemption Amount(s) payable on EUR 1,000 per Calculation Amount
redemption for taxation reasons or on Event
of Default:

GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
Form of Notes:

(i)
Form:
Bearer Notes:

Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Bearer Notes only upon an Exchange
Event.

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PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
Official List of Euronext Dublin
(ii)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the Main Securities Market of
Euronext Dublin with effect from, or from about, 18
September 2018
(iii)
Estimate of total expenses related to EUR 600
admission to trading:
2.
BENCHMARKS REGULATION
Amounts payable under the Notes will, in certain circumstances, be calculated by reference to the
mid-swap rate for euro swap transactions with a maturity of five years which appears on Reuters
screen ICESWAP2 (the administrator of which is ICE Benchmark Administration Limited), or by
reference to EURIBOR (the administrator of which is the European Money Markets Institute). As at
the date of this Final Terms, ICE Benchmark Administration Limited appears on the register of
administrators and benchmarks established and maintained by the European Securities and Markets
Authority pursuant to Article 36 of Regulation (EU) 2016/1011 (the "Benchmarks Regulation"). As
at the date of this Final Terms, the European Money Markets Institute does not appear on the register
of administrators and benchmarks established and maintained by the European Securities and
Markets Authority pursuant to the Benchmarks Regulation.
As far as the Issuer is aware, the transitional provisions in Article 51 of the Benchmarks Regulation
apply, such that the European Money Markets Institute is not currently required to obtain
authorisation or registration.
3.
RATINGS
Ratings:
The Notes to be issued are expected to be rated Baa1
by Moody's Investors Service Ltd. ("Moody's"), A-
by Standard & Poor's Credit Market Services Europe
Limited ("Standard & Poor's") and A+ by Fitch
Ratings Ltd. ("Fitch").

Each of Moody's, Standard & Poor's and Fitch is
established in the European Union and is registered
under Regulation (EC) No. 1060/2009 (as amended).
4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
Save for any fees payable to the 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 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.
5.
YIELD

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Indication of yield:
1.600 per cent per annum

The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
6.
OPERATIONAL INFORMATION
(i)
ISIN Code:
XS1880928459
(ii)
Common Code:
188092845
(iii)
CFI:
DTFXFB
(iv)
FISN:
SWEDBANK AB/1EMTN 20280918
(v)
Cusip:
Not Applicable
(vi)
CINS:
Not Applicable
(vii)
Any clearing system(s) other than Not Applicable
Euroclear
Bank
SA/NV
and
Clearstream Banking S.A. (together
with the address of each such
clearing system) and the relevant
identification number(s):
(viii)
Delivery:
Delivery against payment
(ix)
Names and addresses of additional None
Transfer Agents and/or Paying
Agent(s) (if any):
(x)
Intended to be held in a manner No. Whilst the designation is specified as "no" at the
which would allow Eurosystem date of these Final Terms, should the Eurosystem
eligibility:
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, and registered in the name of a
nominee of one of the ICSDs acting as common
safekeeper, that is, held under the NSS. 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.
7.
DISTRIBUTION
(i)
Method of distribution:
Syndicated

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(ii)
If syndicated, names of Managers:
Barclays Bank PLC
BNP Paribas
J.P. Morgan Securities plc
Swedbank AB (publ)
UBS Limited
(iii)
Date of Subscription Agreement:
14 September 2018
(iv)
Stabilisation Manager(s) (if any):
J.P. Morgan Securities plc
(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)
Prohibition of Sales to EEA Retail Applicable
Investors:
8.
REASONS FOR THE OFFER

Reasons for the offer:
General Business Purposes

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