Bond Nordia Bank Abp 7% ( XS1244566904 ) in USD

Nordia Bank Abp

100 % ▼

Finland

XS1244566904 ( in USD )

7% per year ( payment 2 times a year)

15/07/2025 - Bond has expired

Prospectus brochure of the bond Nordea Bank Abp XS1244566904 in USD 7%, expired

5 000 USD

5 990 000 USD

Nordea Bank Abp is a Nordic financial services group offering banking, asset management, and insurance services to individuals, businesses, and institutions across Denmark, Finland, Norway, and Sweden.

Nordea Bank Abp issued a USD 5,990,000 bond (ISIN: XS1244566904), currently trading at 100%, with a 7% coupon rate, paying semi-annually, maturing on July 15, 2025, and having a minimum trading size of 5,000.

NORDEA BANK AB (PUBL)
(Incorporated with limited liability in the Kingdom of Sweden)
NORDEA BANK FINLAND PLC
(Incorporated with limited liability in the Republic of Finland)
10,000,000,000
Structured Note Programme
Nordea Bank AB (publ) ("NBAB") and Nordea Bank Finland Plc ("NBF", together with NBAB, the "Issuers" and each an "Issuer") have
established a 10,000,000,000 Structured Note Programme (the "Programme"). Each of the Issuers may from time to time issue notes (the
"Notes") under the Programme on an unsubordinated basis, which expression shall include Bearer Notes and Registered Notes (each as
defined below), denominated in any currency as may be agreed with the relevant Dealer(s) (as defined below). Notes issued pursuant to the
Programme may include Notes issued in bearer form ("Bearer Notes") or registered form ("Registered Notes") and Notes designated by an
Issuer as "VP Notes", "VPS Notes", "Finnish Notes", "Swedish Notes" or Swiss Franc Notes in the applicable Final Terms. The maximum
amount of all Notes from time to time outstanding will not exceed 10,000,000,000 (or its equivalent in other currencies at the time of
agreement to issue, subject as further set out herein). For the purposes of calculating amounts outstanding under the Programme, all
calculations will be made in euro.
Notes may be issued under the Programme which have a denomination of less than 100,000 or its equivalent in other currencies. The Notes
will be issued on a continuing basis to one or more of the Dealers specified herein and any additional Dealer appointed under the
Programme from time to time, which appointment may be for a specific issue or on an ongoing basis (each a "Dealer" and together the
"Dealers").
This Base Prospectus has been approved by the Central Bank of Ireland (the "Central Bank") as competent authority under Directive
2003/71/EC, as amended (the "Prospectus Directive"). The Central Bank only approves this Base Prospectus as meeting the requirements
imposed under Irish and European law pursuant to the Prospectus Directive. Application will be made to the Irish Stock Exchange for Notes
issued under the Programme during the period of twelve months after the date hereof to be admitted to the official list (the "Official List")
and trading on its regulated market (the "Main Securities Market"). The Main Securities Market is a regulated market for the purposes of
Directive 2004/39/EC on markets in financial instruments ("MiFID"). Such approval relates only to the Notes which are to be admitted to
trading on a regulated market for the purposes of MiFID and/or which are to be offered to the public in any Member State of the European
Economic Area. This Base Prospectus constitutes a base prospectus for the purposes of the Prospectus Directive.
It is expected that this Base Prospectus will be submitted to the SIX Swiss Exchange Ltd (the "SIX Swiss Exchange") for registration as an
"issuance programme" for the listing of derivatives and an "issuance programme" for the listing of bonds, both in accordance with the listing
rules of the SIX Swiss Exchange (the "SIX Listing Rules"). If approved, in respect of any Tranche (as defined herein) of Notes to be listed
on the SIX Swiss Exchange during the 12 months from the date of this Base Prospectus, this Base Prospectus, together with the relevant
Final Terms, will constitute the listing prospectus for purposes of the SIX Listing Rules.
The Programme also permits Notes to be issued on the basis that they will not be admitted to listing, trading and/or quotation by any
competent authority, stock exchange and/or quotation system or to be admitted to listing, trading and/or quotation by such other or further
competent authorities, stock exchanges and/or quotation systems as may be agreed with the relevant Issuer (including the SIX Swiss
Exchange in the case of Swiss Franc Notes).
Notes will be issued (i) on the general terms and conditions set out under "Terms and Conditions of the Notes Part 1: General Conditions"
(the "General Conditions"), as completed by a final terms document (the "Final Terms"), and (ii) may also be subject to certain additional
conditions set out under "Terms and Conditions of the Notes Part 2: Additional Conditions for Certain Structured Notes", "Terms and
Conditions of the Notes Part 3: Additional Conditions for Credit-Linked Notes" and "Terms and Conditions of the Notes Part 4:
Additional Conditions for Fund-Linked Notes", if so specified in the applicable Final Terms (the "Additional Conditions", and together
with the General Conditions, the "Terms and Conditions").
There are certain risks related to any issue of Notes under the Programme which investors should ensure they fully understand (see "Risk
Factors" below). This Base Prospectus is drawn up in the English language. In case there is any discrepancy between the English text and
the Swedish text, the English text stands approved for the purposes of the Prospectus (Directive 2003/71/EC) Regulations 2005.
Arranger
Nordea
The date of this Base Prospectus is 19 December 2014

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This Base Prospectus, including the Annexes hereto, which form part of this Base Prospectus, should be
read and construed together with any supplements hereto and, in relation to any Tranche (as defined
herein) of Notes, should be read and construed together with the relevant Final Terms.
Copies of each Final Terms will be available from the specified offices of each of the Paying Agents and
(in the case of Notes which may be in registered form) from the specified office of the Registrar and each
of the Transfer Agents (see "Terms and Conditions of the Notes" herein).
Each of the Issuers has confirmed to the Dealers named under "Subscription and Sale" below that this
Base Prospectus (including for this purpose, each relevant Final Terms) contains all information which is
(in the context of the Programme and the issue, offering and sale of the Notes) material; that such
information is true and accurate in all material respects and is not misleading in any material respect; that
any opinions, predictions or intentions expressed herein are honestly held or made and are not misleading
in any material respect; that this Base Prospectus does not omit to state any material fact necessary to
make such information, opinions, predictions or intentions (in the context of the Programme and the
issue, offering and sale of the Notes) not misleading in any material respect; and that all proper enquiries
have been made to verify the foregoing.
Each of the Issuers accepts responsibility for the information contained in this Base Prospectus and
declares that, having taken all reasonable care to ensure that such is the case, the information contained in
this Base Prospectus is, to the best of its knowledge, in accordance with the facts and contains no
omission likely to affect its import.
No person has been authorised to give any information or to make any representation not contained in or
not consistent with this Base Prospectus or any other document entered into in relation to the Programme
or any information supplied by any of the Issuers or such other information as is in the public domain
and, if given or made, such information or representation should not be relied upon as having been
authorised by any of the Issuers or any Dealer.
The Dealers have not separately verified the information contained herein. Accordingly, no
representation, warranty or undertaking, express or implied, is made and no responsibility is accepted by
the Dealers as to the accuracy or completeness of the financial information contained in this Base
Prospectus, or any other financial statements or any further information supplied in connection with the
Notes. The Dealers accept no liability in relation to the financial information contained in this Base
Prospectus or any other financial statements or their distribution or with regard to any other information
supplied in connection with the Notes. The statements made in this paragraph are without prejudice to
the responsibility of each of the Issuers in its capacity as an Issuer under the Programme.
Neither the delivery of this Base Prospectus or any Final Terms nor the offering, sale or delivery of any
Note shall, in any circumstances, create any implication that the information contained in this Base
Prospectus is true subsequent to the date hereof or the date upon which this Base Prospectus has been
most recently supplemented or that there has been no adverse change, or any event reasonably likely to
involve any adverse change, in the condition (financial or otherwise) of the relevant Issuer since the date
thereof or, if later, the date upon which this Base Prospectus has been most recently supplemented or that
any other information supplied in connection with the Programme is correct at any time subsequent to the
date on which it is supplied or, if different, the date indicated in the document containing the same.
The distribution of this Base Prospectus and any Final Terms and the offering, sale and delivery of the
Notes in certain jurisdictions may be restricted by law. Persons into whose possession this Base
Prospectus comes are required by each of the Issuers and the Dealers to inform themselves about and to
observe any such restrictions. For a description of certain restrictions on offers, sales and deliveries of
Notes and on distribution of this Base Prospectus or any Final Terms and other offering material relating
to the Notes see "Subscription and Sale".
THE NOTES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION IN THE UNITED STATES NOR HAS THE SECURITIES AND EXCHANGE
COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR THE ADEQUACY OF THIS BASE PROSPECTUS. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.
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THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR WITH
ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER
JURISDICTION OF THE UNITED STATES AND MAY INCLUDE NOTES IN BEARER FORM
THAT ARE SUBJECT TO U.S. TAX LAW REQUIREMENTS. SUBJECT TO CERTAIN
EXCEPTIONS, THE NOTES MAY NOT BE OFFERED, SOLD OR, IN THE CASE OF BEARER
NOTES, DELIVERED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR
BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES
ACT ("REGULATION S")). SEE "SUBSCRIPTION AND SALE".
Neither this Base Prospectus nor any Final Terms constitutes an offer or an invitation to subscribe for or
purchase any Notes and should not be considered as a recommendation by any of the Issuers, the Dealers
or any of them that any recipient of this Base Prospectus or any Final Terms should subscribe for or
purchase any Notes. Each recipient of this Base Prospectus or any Final Terms shall be taken to have
made its own investigation and appraisal of the condition (financial or otherwise) of each Issuer.
This Base Prospectus has been prepared on the basis that, except to the extent sub-paragraph (ii) below
may apply, any offer of Notes in any Member State of the "European Economic Area" which has
implemented the Prospectus Directive (each, a "Relevant Member State") will be made pursuant to an
exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the
requirement to publish a prospectus for offers of Notes. Accordingly any person making or intending to
make an offer in that Relevant Member State of Notes which are the subject of an offering/placement
contemplated in this Base Prospectus as completed by final terms in relation to the offer of those Notes
may only do so (i) in circumstances in which no obligation arises for the relevant Issuer or any Dealer to
publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus
pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer, or (ii) if a
prospectus for such offer has been approved by the competent authority in that Relevant Member State or,
where appropriate, approved in another Relevant Member State and notified to the competent authority in
that Relevant Member State and (in either case) published, all in accordance with the Prospectus
Directive, provided that any such prospectus has subsequently been completed by final terms which
specify that offers may be made other than pursuant to Article 3(2) of the Prospectus Directive in that
Relevant Member State and such offer is made in the period beginning and ending on the dates specified
for such purpose in such prospectus or final terms, as applicable. Except to the extent sub-paragraph (ii)
above may apply, none of the Issuers nor any Dealer have authorised, nor do they authorise, the making
of any offer of Notes in circumstances in which an obligation arises for an Issuer or any Dealer to publish
or supplement a prospectus for such offer.
An investment in Notes does not constitute a participation in a collective investment scheme for
Swiss law purposes. Therefore, issues of Notes are not supervised by the Swiss Financial Market
Supervisory Authority FINMA and potential investors do not benefit from the specific investor
protection provided under the Swiss Federal Act on Collective Investment Schemes.
In connection with the issue of any Tranche of Notes under the Programme, the Dealer or Dealers
(if any) named as the Stabilising Manager(s) (or any persons acting on behalf of any Stabilising
Manager(s)) in the applicable Final Terms may over-allot Notes or effect transactions with a view
to supporting the market price of the Notes at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising Manager(s) (or persons acting on
behalf of any Stabilising Manager(s)) will undertake stabilisation action. Any stabilisation action
may begin on or after the date on which adequate public disclosure of the terms of the offer of the
relevant Tranche of Notes is made and, if begun, may be ended at any time, but it must end no later
than the earlier of 30 days after the issue date of the relevant Tranche of Notes and 60 days after
the date of the allotment of the relevant Tranche of Notes. Any stabilisation action or over-
allotment must be conducted by the relevant Stabilisation Manager(s) or (person(s) acting on
behalf of any Stabilisation Manager(s) in accordance with all applicable laws and rules.
In this Base Prospectus, references to "U.S.$", "U.S. dollars" or "dollars" are to United States dollars;
references to "Euro", "euro", "EUR" or "" are to the currency introduced at the start of the third stage of
European economic and monetary union, and as defined in Article 2 of Council Regulation (EC) No
974/98 of 3 May 1998 on the introduction of the Euro, as amended; references to "sterling" are to Pounds
Sterling; references to "Swiss Francs", "Swiss francs" or "CHF" are to Swiss francs; references to "Yen"
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are to Japanese Yen; references to "SEK" are to Swedish Krona; references to "NOK" are to Norwegian
Krone; and references to "DKK" are to Danish Krone.
The language of the Base Prospectus is English. Certain legislative references and technical terms have
been cited in their original language in order that the correct technical meaning may be ascribed to them
under applicable law.
IMPORTANT INFORMATION RELATING TO PUBLIC OFFERS OF NOTES
In the context of any offer of Notes that is not made within an exemption from the requirement to publish
a prospectus under the Prospectus Directive (a "Public Offer"), the Issuers have requested the Central
Bank to provide a certificate of approval in accordance with Article 18 of the Prospectus Directive (a
"passport") in relation to the passporting of the Base Prospectus to the competent authorities of Norway,
Sweden, Finland, Denmark, Estonia, Latvia, Lithuania, the United Kingdom, France, Germany, Austria,
Spain and Luxembourg (the "Host Member States"). Even though the Issuers have elected to passport
this Base Prospectus into the Host Member States, it does not mean that they will choose to make any
Public Offer in the Host Member States. Investors should refer to the Final Terms for any issue of Notes
to see whether the relevant Issuer has elected to make a public offer of Notes in either Ireland or a Host
Member State (each a "Public Offer Jurisdiction").
Each of the Issuers accepts responsibility in the Public Offer Jurisdictions for which it has given consent
referred to herein for the content of this Base Prospectus in relation to any person (an "Investor") to
whom an offer of any Notes is made by any Dealer or other financial intermediary to whom any of the
Issuers has given its consent to use this Base Prospectus (such Dealer or other financial intermediary, an
"Authorised Offeror"), where the offer is made during the period for which that consent is given and is
in compliance with all other conditions attached to the giving of the consent, all as mentioned in this Base
Prospectus. However, none of the Issuers has any responsibility for any of the actions of an Authorised
Offeror, including compliance by an Authorised Offeror with applicable conduct of business rules or
other local regulatory requirements or other securities law requirements in relation to such offer.
If so specified in the applicable Final Terms in respect of any Tranche of Notes, each of the Issuers
consents to the use of this Base Prospectus in connection with a Public Offer of the relevant Notes during
the Offer Period specified in the relevant Final Terms (the "Offer Period") either:
(a)
in the Public Offer Jurisdictions specified in the relevant Final Terms by any financial
intermediary which satisfies the following conditions and any additional conditions specified in
the relevant Final Terms:
(i)
it is authorised to make such offers under the MiFID; and
(ii)
executes a distribution agreement with the relevant Issuer whereby it agrees to be bound
by the Authorised Offeror Terms and it either publishes on its website (if it has one), or
discloses in any materials that it provides to potential investors in connection with the
Public Offer, the following statement (with the information in square brackets completed
with the relevant information):
"We, [insert legal name of financial intermediary], are a financial intermediary
authorised under the Markets in Financial Instruments Directive (Directive 2004/39/EC)
to make offers of securities such as the [insert title of the relevant Notes] (the "Notes")
described in the Final Terms dated [insert date] (the "Final Terms") published by
[Nordea Bank AB (publ)/Nordea Bank Finland Plc] (the "Issuer"). We refer to the offer
of the Notes in [insert relevant Public Offer Jurisdiction(s)] during the Offer Period
specified in the Final Terms (the "Public Offer"). In consideration for the Issuer offering
to grant its consent to our use of the Base Prospectus (as defined in the Final Terms) in
connection with the Public Offer on the Authorised Offeror Terms specified in the Base
Prospectus and subject to the conditions to such consent, we hereby accept such offer.
Accordingly, we are using the Base Prospectus in connection with the Public Offer in
accordance with the consent of the Issuer on the Authorised Offeror Terms and subject
to the conditions of such consent."
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The "Authorised Offeror Terms" are that the relevant financial intermediary:
(a)
represents, warrants and undertakes for the benefit of each of the Issuers that it will, at
all times in connection with the relevant Public Offer:
(A)
act in accordance with all applicable laws, rules, regulations and guidance of
any applicable regulatory bodies (the "Rules");
(B)
comply with the restrictions set out under "Subscription and Sale" in this Base
Prospectus which would apply as if it were a Dealer;
(C)
ensure that any fee (and any commissions or benefits of any kind) received or
paid by that financial intermediary in relation to the offer or sale of the Notes
does not violate the Rules and is fully and clearly disclosed to investors or
potential investors;
(D)
hold all licences, consents, approvals and permissions required in connection
with solicitation of interest in, or offers or sales of, the Notes under the Rules;
(E)
comply with applicable anti-money laundering, anti-bribery and "know your
client" Rules, and will not permit any application for Notes in circumstances
where the financial intermediary has any suspicions as to the source of the
application monies;
(F)
retain investor identification records for at least the minimum period required
under applicable Rules, and shall, if so requested, make such records available
to the Issuers or directly to the appropriate authorities with jurisdiction over
either Issuer in order to enable each of the Issuers to comply with anti-money
laundering, anti-bribery and "know your client" Rules applying to the Issuers;
(G)
ensure that it does not, directly or indirectly, cause either Issuer to breach any
Rule or subject either Issuer to any requirement to obtain or make any filing,
authorisation or consent in any jurisdiction;
(H)
comply with any further requirements relevant to the Public Offer as specified
in the applicable Final Terms;
(I)
not convey or publish any information that is not contained in or entirely
consistent with this Base Prospectus as completed by the applicable Final Terms;
and
(J)
if it conveys or publishes any communication (other than this Base Prospectus
or any other materials provided to such financial intermediary by or on behalf of
the relevant Issuer for the purposes of the relevant Public Offer) in connection
with the relevant Public Offer, it will ensure that such communication (A) is fair,
clear and not misleading and complies with the Rules, (B) states that such
financial intermediary has provided such communication independently of the
Issuers, that such financial intermediary is solely responsible for such
communication and that neither of the Issuers accepts any responsibility for
such communication and (C) does not, without the prior written consent of the
Issuers, use the legal or publicity names of either of the Issuers or any other
name, brand or logo registered by an entity within the Nordea Group, except to
describe the relevant Issuer as issuer of the relevant Notes;
(K)
co-operate with the Issuers in providing such information (including, without
limitation, documents and records maintained pursuant to paragraph (F) above)
upon written request from either Issuer as is available to such financial
intermediary or which is within its power and control from time to time,
together with such further assistance as is reasonably requested by the relevant
Issuer:
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(1)
in connection with any request or investigation by any regulator in
relation to the Notes or either Issuer; and/or
(2)
in connection with any complaints received by either Issuer relating to
the relevant Issuer or another Authorised Offeror including, without
limitation, complaints as defined in rules published by any regulator of
competent jurisdiction from time to time; and/or
(3)
which either Issuer may reasonably require from time to time in relation
to the Notes and/or as to allow the relevant Issuer fully to comply with
its own legal, tax and regulatory requirements,
in each case, as soon as is reasonably practicable and, in any event, within any
time frame set by any such regulator or regulatory process; and
(L)
during the primary distribution period of the Notes: (i) only sell the Notes at the
Issue Price specified in the applicable Final Terms (unless otherwise agreed
with the relevant Issuer); (ii) only sell the Notes for settlement on the Issue Date
specified in the relevant Final Terms; (iii) not appoint any sub-distributors
(unless otherwise agreed with the relevant Issuer); (iv) not pay any fee or
remuneration or commissions or benefits to any third parties in relation to the
offering or sale of the Notes (unless otherwise agreed with the relevant Issuer);
and (v) comply with such other rules of conduct as may be reasonably required
and specified by the relevant Issuer; and
(b)
undertakes to indemnify each of the Issuers (in each case on behalf of such entity and
its respective directors, officers, employees, agents, affiliates and controlling persons)
against any losses, liabilities, costs, claims, charges, expenses, actions or demands
which any of them may incur or which may be made against any of them arising out of
or in relation to, or in connection with, any breach of any of the foregoing
representations, warranties or undertakings by such financial intermediary, including
(without limitation) any unauthorised action by such financial intermediary or failure by
such financial intermediary to observe any of the above restrictions or requirements;
and
(c)
agrees and accepts that:
(A)
the contract between the Issuers and the financial intermediary formed upon
acceptance by the financial intermediary of the Issuers' offer to use this Base
Prospectus with its consent in connection with the relevant Public Offer (the
"Authorised Offeror Contract"), and any non-contractual obligations arising
out of or in connection with the Authorised Offeror Contract, shall be governed
by, and construed in accordance with, English law;
(B)
the courts of England are to have exclusive jurisdiction to settle any disputes
which may arise out of or in connection with the Authorised Offeror Contract
(including a dispute relating to any non-contractual obligations arising out of or
in connection with the Authorised Offeror Contract) and accordingly submits to
the exclusive jurisdiction of the English courts;
(C)
for the purposes of (c)(B) and (D), the Issuers and the financial intermediary
waive any objection to the English courts on the grounds that they are an
inconvenient or inappropriate forum to settle any dispute; and
(D)
this paragraph (D) is for the benefit of the Issuers. To the extent allowed by law,
the Issuers may, in respect of any Dispute or Disputes, take (i) proceedings in
any other court with jurisdiction; and (ii) concurrent proceedings in any number
of jurisdictions;
(b)
by the financial intermediaries specified in the relevant Final Terms, in the Public Offer
Jurisdictions specified in the relevant Final Terms and subject to the relevant conditions specified
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in the relevant Final Terms, for so long as they are authorised to make such offers under the
MiFID.
An Issuer may give consent to additional financial intermediaries after the date of the relevant Final
Terms and, if it does so, such Issuer will publish the above information in relation to them on its website.
The consent referred to above relates to Public Offers occurring within 12 months from the date of this
Base Prospectus.
Any Authorised Offeror who wishes to use this Base Prospectus in connection with a Public Offer
as set out in (a) above is required, for the duration of the relevant Offer Period, to publish on its
website (if it has one), or otherwise disclose to potential investors, that it is using this Base
Prospectus for such Public Offer in accordance with the consent of the relevant Issuer and the
conditions attached thereto. Authorised Offerors may act through one or more agents or affiliates,
provided that the Authorised Offeror shall at all times remain liable to the relevant Issuer for the
acts or omissions of the relevant agent or affiliate, and any failure to comply with the Authorised
Offeror Terms.
To the extent specified in the relevant Final Terms, an offer may be made during the relevant Offer Period
by any of the relevant Issuer or any relevant Authorised Offeror in any relevant Public Offer
Jurisdiction(s) and subject to any relevant conditions, in each case all as specified in the relevant Final
Terms.
None of the Issuers nor any of the Dealers has authorised the making of any Public Offer of any Notes by
any person in any circumstances and such person is not permitted to use this Base Prospectus in
connection with its offer of any Notes unless (1) the offer is made by an Authorised Offeror as described
above or (2) the offer is otherwise made in circumstances falling within an exemption from the
requirement to publish a prospectus under the Prospectus Directive. Any such unauthorised offers are not
made by or on behalf of any Issuer, any Dealer or any Authorised Offeror and none of the Issuers, any
Dealer or any Authorised Offeror has any responsibility or liability for the actions of any person making
such offers.
An Investor intending to acquire or acquiring any Notes from an Authorised Offeror will do so,
and offers and sales of the Notes to an Investor by an Authorised Offeror will be made, in
accordance with any terms and other arrangements in place between such Authorised Offeror and
such Investor including as to price, allocation, settlement arrangements and any expenses or taxes
to be charged to the Investor (the "Terms and Conditions of the Public Offer"). Neither of the
Issuers will be a party to any such arrangements with Investors (other than Dealers) in connection
with the offer or sale of the Notes and, accordingly, this Base Prospectus and any Final Terms will
not contain such information. The Terms and Conditions of the Public Offer shall be provided to
Investors by that Authorised Offeror at the relevant time. None of the Issuers, any of the Dealers or
other Authorised Offerors has any responsibility or liability for such information.
RATINGS
As of the date of this Base Prospectus, the long term (senior) debt ratings of each of the Issuers are:
Rating Agency
Rating
Moody's Investors Service Limited
Aa3(1)
Standard & Poor's Credit Market Services Europe Limited
AA-(1)
Fitch Ratings Limited
AA-
DBRS Ratings Limited
AA
(1) Negative Outlook.
Moody's Investors Service Limited, Standard & Poor's Credit Market Services Europe Limited, Fitch
Ratings Limited and DBRS Ratings Limited are all established in the European Union (the "EU") and
registered under Regulation (EC) No 1060/2009, as amended (the "CRA Regulation").
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Tranches of Notes to be issued under the Programme will not be separately rated.
The European Securities and Markets Authority ("ESMA") is obliged to maintain on its website, at
http://www.esma.europa.eu/page/list-registered-and-certified-CRAs, a list of credit rating agencies
registered and certified in accordance with the CRA Regulation. This list must be updated within five
working days of ESMA's adoption of any decision to withdraw the registration of a credit rating agency
under the CRA Regulation. Therefore, such list is not conclusive evidence of the status of the relevant
rating agency as there may be delays between certain supervisory measures being taken against a relevant
rating agency and the publication of the updated ESMA list.
In general, European regulated investors are restricted from using a rating for regulatory purposes if such
rating is not issued by a credit rating agency established in the EU and registered under the CRA
Regulation unless (1) the rating is provided by a credit rating agency not established in the EU but is
endorsed by a credit rating agency established in the EU and registered under the CRA Regulation or (2)
the rating is provided by a credit rating agency not established in the EU, but which is certified under the
CRA Regulation.
A security rating is not a recommendation to buy, sell or hold securities and may be subject to
suspension, reduction or withdrawal at any time by the assigning rating agency.

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CONTENTS

Page
SUMMARY OF THE BASE PROSPECTUS .............................................................................................. 2
RISK FACTORS ........................................................................................................................................ 63
DOCUMENTS INCORPORATED BY REFERENCE ........................................................................... 125
FORM OF THE NOTES .......................................................................................................................... 127
SUMMARY OF PROVISIONS RELATING TO THE NOTES WHILE IN GLOBAL FORM ............. 135
CLEARING AND SETTLEMENT .......................................................................................................... 137
NOTES TERMS AND CONDITIONS AND STRUCTURE ............................................................... 140
TERMS AND CONDITIONS OF THE NOTES ..................................................................................... 170
FORMS OF FINAL TERMS FOR NOTES ............................................................................................. 410
THE NORDEA GROUP .......................................................................................................................... 529
NORDEA BANK AB (PUBL) ................................................................................................................. 539
NORDEA BANK FINLAND PLC .......................................................................................................... 545
SELECTED FINANCIAL INFORMATION ........................................................................................... 567
USE OF PROCEEDS ............................................................................................................................... 580
TAXATION ............................................................................................................................................. 581
SUBSCRIPTION AND SALE ................................................................................................................. 597
GENERAL INFORMATION .................................................................................................................. 603
ANNEX 1 AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF NBAB FOR THE YEAR
ENDED 31 DECEMBER 2013, INCLUDING THE AUDITOR'S REPORT AND NOTES RELATING
THERETO ................................................................................................................................................ 605
ANNEX 2 AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF NBF FOR THE YEAR
ENDED 31 DECEMBER 2013, INCLUDING THE AUDITOR'S REPORT AND NOTES RELATING
THERETO ................................................................................................................................................ 735
ANNEX 3 AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF NBAB FOR THE YEAR
ENDED 31 DECEMBER 2012, INCLUDING THE AUDITOR'S REPORT AND NOTES RELATING
THERETO ................................................................................................................................................ 843
ANNEX 4 AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF NBF FOR THE YEAR
ENDED 31 DECEMBER 2012, INCLUDING THE AUDITOR'S REPORT AND NOTES RELATING
THERETO ................................................................................................................................................ 966
ANNEX 5 UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS OF NBAB FOR
THE NINE MONTHS ENDED 30 SEPTEMBER 2014 ........................................................................ 1063
ANNEX 6 UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS OF NBF FOR
THE SIX MONTHS ENDED 30 JUNE 2014 ........................................................................................ 1092

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SUMMARY OF THE BASE PROSPECTUS
Summaries are made up of disclosure requirements known as "Elements". These elements are numbered
in Sections A E (A.1 E.7).
This summary contains all the Elements required to be included in a summary for this type of securities
and these Issuers. Because some Elements are not required to be addressed, there may be gaps in the
numbering sequence of the Elements.
Even though an Element may be required to be inserted in the summary because of the type of securities
and relevant Issuer, it is possible that no relevant information can be given regarding the Element. In this
case a short description of the Element is included in the summary with the mention of "Not Applicable".
In particular Elements in italics denote placeholders for completing the issue specific summary relating
to a Tranche of Notes for which such issue specific summary is to be prepared.
Words and expressions defined in the sections entitled "Terms and Conditions of the Notes" or elsewhere
in this Base Prospectus have the same meanings in this summary.

Section A Introduction and Warnings
A.1
Introduction:
This summary should be read as an introduction to this Base Prospectus and
any decision to invest in the Notes should be based on a consideration of the
Base Prospectus as a whole by the investor. Where a claim relating to the
information contained in this Base Prospectus is brought before a court in a
Member State of the European Economic Area, the plaintiff may, under the
national legislation of the Member States, be required to bear the costs of
translating the Base Prospectus before the legal proceedings are initiated.
No civil liability will attach to the Issuers in any such Member State solely on
the basis of this summary, including any translation thereof, unless it is
misleading, inaccurate or inconsistent when read together with the other
parts of this Base Prospectus or it does not provide, when read together with
the other parts of this Base Prospectus, key information in order to aid
investors when considering whether to invest in the Notes.
A.2 Consent:
Certain Tranches of Notes with a denomination of less than 100,000 (or its
equivalent in any other currency) may be offered in circumstances where
there is no exemption from the obligation under the Prospectus Directive to
publish a prospectus. Any such offer is referred to as a "Public Offer".

Not applicable; the Notes are issued in denominations of at least 100,000
(or its equivalent in any other currency)./The Issuer consents to the use of this
Base Prospectus in connection with a Public Offer of the Notes by any
financial intermediary which is authorised to make such offers under the
Markets in Financial Instruments Directive (Directive 2004/39/EC) (an
"Authorised Offeror") on the following basis: (a) the relevant Public Offer
must occur during the period from and including [·] to but excluding [ ] (the
"Offer Period") in [·] [and [·]] (the "Public Offer Jurisdiction(s)") and (b)
the relevant Authorised Offeror must have agreed to the Authorised Offeror
Terms [and satisfy the following additional conditions: [·]]./The Issuer
consents to the use of this Base Prospectus in connection with a Public Offer
of the Notes by [·](an "Authorised Offeror") on the following basis: (a) the
relevant Public Offer must occur during the period from and including [·]] to
but excluding [ ] (the "Offer Period") in [·] [and [·]] (the "Public Offer
Jurisdiction(s)") and (b) the relevant Authorised Offeror must have agreed to
the Authorised Offeror Terms [and satisfy the following additional
conditions: [·]].
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