Obligation Spb 1 Østlandet 0% ( XS1884795375 ) en EUR

Spb 1 Østlandet

100.007 % ▲

Norvege

XS1884795375 ( en EUR )

27/09/2021 - Obligation échue

Prospectus brochure de l'obligation Spb 1 Østlandet XS1884795375 en EUR 0%, échue

100 000 EUR

300 000 000 EUR

L'Obligation émise par Spb 1 Østlandet ( Norvege ) , en EUR, avec le code ISIN XS1884795375, paye un coupon de 0% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 27/09/2021

FINAL TERMS
MIFID II product governance / Professional investors and ECPs 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 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.
25 September 2018
SpareBank 1 Østlandet
Legal entity identifier (LEI): 549300VRM6G42M8OWN49
Issue of 300,000,000 Floating Rate Notes due 2021
under the 10,000,000,000
Euro 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
Prospectus dated 15 June 2018 and the supplement to it dated 12 September 2018 which together constitute
a base prospectus for the purposes of the Prospectus Directive (the "Prospectus"). 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 Prospectus. Full information on the Issuer and the offer of the Notes is
only available on the basis of the combination of these Final Terms and the Prospectus. The Prospectus is
available for viewing at, and copies may be obtained from, the specified office of each of the Paying Agents.
The Prospectus and (in the case of Notes listed and admitted to trading on the regulated market of the
Luxembourg Stock Exchange) the applicable Final Terms will also be published on the website of the
Luxembourg Stock Exchange (www.bourse.lu).

1.
(i)
Series Number:
10-2018
(ii)
Tranche Number:
1
(iii)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
2.
Specified Currency or Currencies:
Euro ("")
3.
Aggregate Nominal Amount

(i)
Series:
300,000,000
(ii)
Tranche:
300,000,000

0010155-0002717 ICM:30986924.5
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4.
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
5.
(a)
Specified Denominations:
100,000 and integral multiples of 1,000 in excess
thereof up to and including 199,000. No Notes in
definitive form will be issued with a denomination
above 199,000.
(b)
Calculation Amount:
1,000
6.
(i)
Issue Date:
27 September 2018
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
Interest Payment Date falling on or nearest to 27
September 2021

8.
Interest Basis:
3 month EURIBOR +0.52 per cent. Floating Rate

(see paragraph 14 below)
9.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes may be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
10.
Change of Interest Basis:
Not Applicable
11.
Put/Call Options:
Not Applicable
12.
(i)
Status of the Notes:
Unsubordinated
If Unsubordinated Notes:

(a)
Condition 2(b) (Set-Off)
Not Applicable
(b)
Condition 9 (Events of Applicable
Default)
(ii)
Date Board approval for issuance of 24 September 2018
Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions
Not Applicable
14.
Floating Rate Note Provisions
Applicable
(i)
Specified Interest Payment Dates:
27 March, 27 June, 27 September and 27 December
in each year until and including the Maturity Date,
subject to adjustment in accordance with the
Business Day Convention set out in (iii) below

0010155-0002717 ICM:30986924.5
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(ii)
First Interest Payment Date:
27 December 2018
(iii)
Business Day Convention:
Modified Following Business Day Convention
(iv)
Additional Business Centre(s):
Not Applicable
(v)
Manner in which the Rate of Interest Screen Rate Determination
and Interest Amount is to be
determined:
(vi)
Party responsible for calculating the Not Applicable
Rate of Interest and Interest Amount
(if not the Agent):
(vii)
Screen Rate Determination:
Applicable

Reference Rate:
3 month EURIBOR

Interest
Determination Second day on which the TARGET2 System is open
Date(s):
prior to the start of each Interest Period

Relevant Screen Page:
Reuters Screen Page EURIBOR01
(viii)
ISDA Determination:
Not Applicable
(ix)
CMS Rate Determination:
Not Applicable
(x)
Linear Interpolation:
Not Applicable
(xi)
Margin(s):
+0.52 per cent. per annum
(xii)
Minimum Rate of Interest:
Not Applicable
(xiii)
Maximum Rate of Interest:
Not Applicable
(xiv)
Day Count Fraction:
Actual/360
15.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
16.
Notice
periods
for
Condition
6(b) Minimum period: 30 days
(Redemption and Purchase Redemption for
tax reasons):
Maximum period: 60 days
17.
Issuer Call:
Not Applicable
18.
Investor Put:
Not Applicable
19.
Final Redemption Amount:
1,000 per Calculation Amount
20.
Early Redemption Amount payable on 1,000 per Calculation Amount
redemption for taxation reasons or on event
of default:

0010155-0002717 ICM:30986924.5
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PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing and admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on the
Bourse de Luxembourg and listing on the official list
of the Luxembourg Stock Exchange with effect from
the Issue Date.
(ii)
Estimate of total expenses related to 2,400
admission to trading:
2.
RATINGS
Ratings:
The Notes are expected to be rated:

A1 by Moody's Investors Service Limited
("Moody's").

Moody's is established in the European Union and is
registered under Regulation (EC) No. 1060/2009 (as
amended) (the "CRA Regulation").
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the
issue 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.
4.
HISTORIC INTEREST RATES (FLOATING RATE NOTES ONLY)
Details of historic EURIBOR rates can be obtained from Reuters.
5.
OPERATIONAL INFORMATION
(i)
ISIN:
XS1884795375
(ii)
Common Code:
188479537
(iii)
CFI:
DTVXFB
(iv)
FISN:
SPAREBANK1 OSTL/VAREMTN 20210900
(v)
Any clearing system(s) other than Not Applicable
Euroclear
Bank
SA/NV
and
Clearstream, Luxembourg and the
relevant identification number(s):
(vi)
Delivery:
Delivery against payment
(vii)
Names and addresses of additional Not Applicable

0010155-0002717 ICM:30986924.5
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Paying Agent(s) (if any):
(viii)
Intended to be held in a manner No.
which would allow Eurosystem
eligibility:
Whilst the designation is specified as "no" at the date
of the Final Terms, should the 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.
6.
DISTRIBUTION

(i)
Method of distribution:
Syndicated

(ii)
If syndicated, names of Managers:
BNP Paribas
Deutsche Bank AG, London Branch
Landesbank Baden-Württemberg
Nordea Bank AB (publ)
(iii)
Date of Subscription Agreement:
25 September 2018
(iv)
Stabilisation Manager(s) (if any):
BNP Paribas
(v)
If non-syndicated, name of relevant Not Applicable
Dealer:
(vi)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(vii)
Prohibition of Sales to EEA Retail Not Applicable
Investors:

(viii)
Prohibition of Sales to Belgian Applicable
consumers

0010155-0002717 ICM:30986924.5
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