Obligation Svedbank 0.423% ( XS2198237039 ) en JPY

Svedbank

100 % ⇌

Suede

XS2198237039 ( en JPY )

0.423% par an ( paiement annuel )

04/07/2025 - Obligation échue

Prospectus brochure de l'obligation Swedbank XS2198237039 en JPY 0.423%, échue

100 000 000 JPY

10 700 000 000 JPY

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 JPY, avec le code ISIN XS2198237039, paye un coupon de 0.423% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 04/07/2025

PROHIBITION OF SALES TO EEA AND UK 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 European Economic Area ("EEA") or in the United Kingdom (the
"UK"). 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 (EU) 2016/97, 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 Regulation (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 or in the UK has been prepared and
therefore offering or selling the Notes or otherwise making them available to any retail investor in the
EEA or in the UK 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; 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.
NO PROSPECTUS IS REQUIRED IN ACCORDANCE WITH REGULATION (EU) 2017/1129 (THE
"PROSPECTUS REGULATION") FOR THE ISSUE OF NOTES DESCRIBED BELOW.
1 July 2020
SWEDBANK AB (publ)
Legal Entity Identifier (LEI): M312WZV08Y7LYUC71685
Issue of
JPY10,700,000,000 0.423 per cent. Senior Preferred Notes due 4 July 2025
under the
U.S.$40,000,000,000 Global Medium Term Note Programme
PART A - CONTRACTUAL TERMS
This document constitutes the Pricing Supplement for the Notes described herein. This document must
be read in conjunction with the Base Prospectus dated 13 May 2020 (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 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 SE-105 34 Stockholm, 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 365
(ii)
Tranche Number:
1
(iii)
Date on which the Notes will Not Applicable
be consolidated and form a
single Series:
3.
Specified Currency or Currencies:
Japanese Yen ("JPY")
4.
Aggregate Nominal Amount:

(i)
Series:
JPY10,700,000,000
(ii)
Tranche:
JPY10,700,000,000
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:
6 July 2020
(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
4 July 2025
9.
Interest Basis:
0.423 per cent Fixed Rate
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.
Call Option:
Not Applicable
13.
(i)
Status of the Notes:
Senior Preferred Condition 3(a) will apply
(a)
Redemption upon occurrence Not Applicable
of a MREL Disqualification
Event and amounts payable
on redemption thereof:
(b)
Redemption upon occurrence Not Applicable
of Capital Event and amounts

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payable on redemption
thereof:

(c)
Redemption for taxation
Condition 5(b) will apply
reasons:
Tax Event Call Not Applicable
(d)
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:
Applicable
(Condition 4(a))

(i)
Rate(s) of Interest:
0.423 per cent per annum payable in arrear on
each Interest Payment Date
(ii)
Interest Payment Date(s):
6 January and 6 July in each year, from and
including 6 January 2021, up to and including 6
January 2025 and then 4 July 2025. Thus there will
be a short last coupon for the period from and
including 6 January 2025 up to and excluding 4
July 2025.
(iii)
Fixed Coupon Amount(s):
JPY211,500 per Calculation Amount
(iv)
Broken Amount(s):
JPY209,150 per Calculation Amount, payable on
the Interest Payment Date falling on 4 July 2025
(v)
Day Count Fraction:
30/360
(vi)
Determination Dates:
Not Applicable
(vii)
Interest Payment Date
Not Applicable
Adjustment:
(viii)
Business Centre(s):
Not Applicable
(ix)
Other terms relating to the None
method of calculating interest
for Fixed Rate Notes:
15.
Reset Note Provisions
Not Applicable
(Condition 4(b))

16.
Floating Rate Note Provisions:
Not Applicable
(Condition 4(c))

17.
Zero Coupon Note Provisions:
Not Applicable

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PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
None
(ii)
Admission to trading:
Not Applicable
(iii)
Estimate of total expenses Not Applicable
related to admission to trading:
2.
RATINGS
Ratings:
The Notes to be issued are expected to be rated
Aa3 by Moody's Investors Service (Nordics) AB
("Moody's"), A+ by S&P Global Ratings Europe
Limited ("Standard & Poor's") and AA- by Fitch
Ratings Ltd ("Fitch").
Each of Moody's, Standard & Poor's and Fitch is
established in the European Union or the UK, as
the case may be, 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:
XS2198237039
(ii)
Common Code:
219823703
(iii)
Cusip:
Not Applicable
(iv)
CINS:
Not Applicable
(v)
Swiss Security Number:
Not Applicable
(vi)
Any clearing system(s) other Not Applicable
than 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):
(vii)
Settlement procedures:
Customary medium term eurobond payment
procedures apply

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(viii)
Delivery:
Delivery against payment
(ix)
Names and addresses of Not Applicable
additional 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):
(x)
Intended to be held in a manner No. Whilst the designation is specified as "no" at
which would allow Eurosystem the 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 Mizuho Securities Europe GmBH
Managers:
Nomura International plc
SMBC Nikko Capital Markets Limited

(iii)
Date of Subscription
1 July 2020
Agreement:
(iv)
Stabilisation Manager(s) (if any): Not Applicable
(v)
If non-syndicated, name of Not Applicable
Dealer:
(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 and Applicable
UK Retail Investors:
6.
REASONS FOR THE OFFER

Reasons for the offer:
General Business Purposes

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