Obligation Spb 1 SR-Bank ASA 0% ( XS2229461822 ) en NOK

Spb 1 SR-Bank ASA

100 % ⇌

Norvege

XS2229461822 ( en NOK )

14/09/2022 - Obligation échue

Prospectus brochure de l'obligation Spb 1 SR-Bank ASA XS2229461822 en NOK 0%, échue

100 000 NOK

75 000 000 NOK

L'Obligation émise par Spb 1 SR-Bank ASA ( Norvege ) , en NOK, avec le code ISIN XS2229461822, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 14/09/2022

FINAL TERMS
Singapore SFA Product Classification  In connection with Section 309(B) of the Securities and Futures Act
(Chapter 289) of Singapore (the "SFA") and the Securities and Futures (Capital Markets Products) Regulations
2018 of Singapore (the "CMP Regulations 2018"), unless otherwise specified before an offer of Notes, the
Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA), that
the Notes are prescribed capital markets products (as defined in the CMP Regulations 2018) and Excluded
Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale and Investment Products and
MAS Notice FAA-N16: Notice on Recommendations on Investment Products).
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clients only, each as defined in MiFID II, as amended or superseded; and (ii) all channels for distribution of the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.

Dated 22 September 2020
SpareBank 1 SR-Bank ASA
Legal Entity Identifier: 549300Q3OIWRHQUQM052
Issue of 40,000,000 Floating Rate Notes due September 2022
(to be consolidated and form a single series with the 35,000,000 Floating Rate Notes due September
2022 issued on 14 September 2020)
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 Ordinary Note Conditions set
forth in the prospectus dated 10 June 2020 and the supplement to the prospectus dated 27 August 2020 which
together constitute a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129
(the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the
purposes of the Prospectus Regulation and must be read in conjunction with the Base Prospectus as so
supplemented in order to obtain all the relevant information. 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 Base Prospectus. The Base
Prospectus is available for viewing at, and copies may be obtained from, the specified office of each of the
Paying Agents. The Base 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).
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
Regulation or supplement a prospectus pursuant to Article 23 of the Prospectus Regulation, in each case, in
relation to such an offer.

1

1
Series Number
19
2

(i) Tranche Number
2

(ii) Series with which Notes will be
35,000,000 Floating Rate Notes due September 2022
consolidated and form a single
Series:

(iii) Date on which the Notes will be
The Notes will be consolidated and form a single Series with the
consolidated and form a single
35,000,000 Floating Rate Notes due September 2022 issued on
Series with the Series specified
14 September 2020 (XS2229461822) on exchange of the
above:
Temporary Global Note for interest in the Permanent Global
Note, as referred to in paragraph 24 below, which is expected to
occur on or about 2 November 2020.
3

Specified Currency or Currencies:
Euro ("")
4

Aggregate Nominal Amount:

(i) Series:
75,000,000

(i) Tranche:
40,000,000
5

Issue Price:
101.489 per cent. of the Aggregate Nominal Amount plus
accrued interest from (and including) the Interest
Commencement Date up to (but excluding) the Issue Date
amounting to 4,551.11
6

(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
7

(i) Issue Date:
22 September 2020

(ii) Interest Commencement Date
14 September 2020
8

Maturity Date:
Interest Payment Date falling in or nearest to September 2022
9

Interest Basis:
3 month EURIBOR + 1.00 per cent. per annum Floating Rate
(see paragraph 16 below)
10
Redemption/Payment Basis
Redemption at par
11
Change of Interest Basis:
Not Applicable
12
Put/Call Options:
Not Applicable
13
(i) Status of the Notes:
Senior Preferred
(ii) No Right of Set-Off or
Not Applicable
Counterclaim:

(iii) Regulatory Consent:
Not Applicable

(iv) Redemption upon occurrence of
Not Applicable
Capital Event and amounts
payable on redemption therefor:

(v) Redemption upon occurrence of
Not Applicable
MREL Disqualification Event

2

and amounts payable on
redemption therefor:

(vi) Substitution or variation:
Not Applicable

(vii) Restricted Gross-Up Senior
Not Applicable
Preferred Notes:

(viii) Unrestricted Events of Default:
Applicable
14
Date Board approval for issuance of
19 December 2019
Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15
Fixed Rate Note Provisions
Not Applicable
16
Floating Rate Note Provisions
Applicable

(i) Specified Period(s)/Specified
Interest shall be payable quarterly in arrear on 14 March, 14
Interest Payment Dates:
June, 14 September and 14 December in each year, commencing
on 14 December 2020 up to and including the Maturity Date,
subject to adjustment in accordance with the Business Day
Convention set out in (ii) below.

(ii) Business Day Convention:
Modified Following Business Day Convention

(iii) Additional Business Centre(s):
Not Applicable

(iv) Manner in which the Rate of
Screen Rate Determination
Interest and Interest Amount is
to be determined:

(v) Party
responsible
for
Not Applicable
calculating the Rate of Interest
and Interest Amount (if not the
Principal Paying Agent):

(vi) Screen Rate Determination:
Applicable

Reference
Rate
and
Reference Rate: 3 month EURIBOR
Relevant
Financial
Relevant Financial Centre: Brussels
Centre:
Reference Currency: Not Applicable
Designated Maturity: Not Applicable
Specified Time: 11.00 in the Relevant Financial Centre

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

Relevant Screen Page:
Reuters Page EURIBOR01

Observation Method:
Not Applicable

STR Lag Period (p):
Not Applicable

STR Shift Period (p):
Not Applicable

(vii) ISDA Determination:
Not Applicable

(viii) Linear Interpolation:
Not Applicable

(ix) Margin(s):
+ 1.00 per cent. per annum

(x) Minimum Rate of Interest:
Not Applicable

3

(xi) Maximum Rate of Interest:
Not Applicable

(xii) Day Count Fraction:
Actual/360
17
Reset Note Provisions
Not Applicable
18
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19
Notice periods for Condition 5(c)
Minimum period: 30 days
(Redemption
and
Purchase

Maximum period: 60 days
Redemption for Taxation Reasons):
20
Issuer Call:
Not Applicable
21
Investor Put:
Not Applicable
22
Final Redemption Amount of each
1,000 per Calculation Amount
Note:
23
Early Redemption Amount of each
1,000 per Calculation Amount
Note payable on redemption:

GENERAL PROVISIONS APPLICABLE TO THE NOTES
24
Form of Notes:

(i) Form:
Bearer Notes:
Temporary Global Note exchangeable for a Permanent Global
Note which is exchangeable for Bearer Definitive Notes only
upon an Exchange Event

(ii) New Global Note:
Yes
25
Additional Financial Centre(s)
Not Applicable
26
Talons for future Coupons to be
No
attached to Definitive Notes (and
dates on which such Talons mature):

Signed on behalf of the Issuer:

By: ............................................
Duly authorised

4

PART B OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING

(i) Listing:
Luxembourg
(ii) Admission to trading:
Application has been made for the Notes to be admitted to
trading on the Regulated Market of the Luxembourg Stock
Exchange with effect from 22 September 2020.
(iii) Estimate of total expenses
3,900
related to admission to trading:
2
RATINGS
Ratings:
The Notes to be issued will not be rated.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the issue of
the Notes has an interest material to the offer. The Dealer and its affiliates has engaged and may in the
future engage in investment banking and/or commercial transactions with and may perform other services
for the Issuer and/or its affiliates in the ordinary course of business.
4
YIELD (Fixed Rate Notes and Reset Notes only)
Indication of yield:
Not Applicable
5
HISTORIC INTEREST RATES (FLOATING RATE NOTES ONLY)
Details of historic EURIBOR rates can be obtained from Reuters.
6
OPERATIONAL INFORMATION
(i) ISIN:
Temporary ISIN XS2234823503 to be consolidated and form a
single series with existing ISIN XS2229461822 on exchange of
the Temporary Global Note for interest in the Permanent Global
Note, as referred to in paragraph 24 above
(ii) Common Code:
Temporary Common Code 223482350 to be consolidated and
form a single series with existing Common Code 222946182 on
exchange of the Temporary Global Note for interest in the
Permanent Global Note, as referred to in paragraph 24 above
(iii) FISN:
SPAREBANK 1 SR-/VAREMTN 20220914, as updated, as set
out on the website of the Association of National Numbering
Agencies (ANNA) or alternatively sourced from the responsible
National Numbering Agency that assigned the ISIN
(iv) CFI Code:
DTVNFB, as updated, as set out on the website of the
Association of National Numbering Agencies (ANNA) or
alternatively sourced from the responsible National Numbering
Agency that assigned the ISIN
(v) Any clearing system(s) other
Not Applicable
than
Euroclear
and
Clearstream, Luxembourg and

the
relevant
identification
number(s):
(vi) Delivery:
Delivery against payment
(vii) Names and addresses of
Not Applicable
additional Paying Agent(s) (if
any):
(viii) Intended to be held in a manner
Yes. Note that the designation "yes" simply means that the Notes
which
would
allow
are intended upon issue to be deposited with one of the ICSDs as
Eurosystem eligibility:
common safekeeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for Eurosystem
monetary policy and intra day credit operations by the
Eurosystem either upon issue or at any or all times during their
life. Such recognition will depend upon the ECB being satisfied
that the relevant Eurosystem eligibility criteria have been met.
7
REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
Reason for the offer:
General corporate purposes. See "Use of Proceeds" in the Base
Prospectus.
Estimated net proceeds:
40,600,151.11
8
DISTRIBUTION
(i) Method of Distribution:
Non-syndicated
(ii) If syndicated, names of
Not Applicable
Managers:
(iii) Date
of
Subscription
Not Applicable
Agreement:
(iv) Stabilisation Manager(s) (if
Not Applicable
any):
(v) If non-syndicated, name of
Danske Bank A/S
relevant Dealer:
(vi) U.S. Selling Restrictions:
TEFRA D
(vii) Prohibition of Sales to EEA
Not Applicable
and UK Retail Investors: