Bond Volvo Treasure 0.467% ( XS1868533347 ) in SEK

Volvo Treasure

100 % ⇌

Sweden

XS1868533347 ( in SEK )

0.467% per year ( payment 1 time a year)

24/08/2021 - Bond has expired

Prospectus brochure of the bond Volvo Treasury XS1868533347 in SEK 0.467%, expired

2 000 000 SEK

1 950 000 000 SEK

Volvo Treasury is the central financial organization responsible for managing the Volvo Group's funding, liquidity, and financial risks across its global operations.

The Bond issued by Volvo Treasure ( Sweden ) , in SEK, with the ISIN code XS1868533347, pays a coupon of 0.467% per year.
The coupons are paid 1 time per year and the Bond maturity is 24/08/2021

PROHIBITION OF SALES TO EEA RETAIL INVESTORS  The Notes are not intended, from 1
January 2018, to be offered, sold or otherwise made available to and, with effect from such date, should not
be offered, sold or otherwise made available to any retail investor in the European Economic Area ("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 ("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 (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.
14 September 2018
VOLVO TREASURY AB (publ) (the "Issuer")
Issue of SEK 750,000,000 0.467 per cent. Fixed Rate Notes due 24 August 2021 (the "Notes")
to be consolidated and form a single Series with the SEK 1,200,000,000 0.467 per cent. Fixed Rate
Notes due 24 August 2021, issued on 24 August 2018 (the "Existing Notes")

guaranteed by AB Volvo (publ) (the "Guarantor")
issued pursuant to the U.S.$15,000,000,000 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 Terms and Conditions set
forth in the prospectus dated 7 November 2017 (the "Prospectus") and the supplements to the Prospectus
dated 5 February 2018, 19 March 2018, 25 April 2018 and 23 July 2018 (the "Supplements") which together
constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) as amended
(which includes the amendments made by Directive 2010/73/EU) (the "Prospectus Directive"). 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 and the Supplements. Full
information on the Issuer, the Guarantor and the offer of the Notes is only available on the basis of the
combination of these Final Terms and the Prospectus and the Supplements. The Prospectus and the
Supplements have been published on the websites of the Luxembourg Stock Exchange (www.bourse.lu) and
the Issuer (www.volvogroup.com) and are available for viewing at, and copies may be obtained from, the
registered office of the Issuer and from the specified offices of the Paying Agents in London and
Luxembourg.

1.
(i)
Series Number:
376
(ii)
Tranche Number:
2
(iii)
Date on which the Notes will be The Notes will be consolidated and form a
consolidated and form a single Series:
single Series with the Existing Notes on
exchange of the Temporary Global Note for
interests in the Permanent Global Note, as
referred to in paragraph 20 below, which is
expected to occur on or about 29 October 2018

2.
Specified Currency or Currencies:
Swedish Krona ("SEK")

3.
Aggregate Nominal Amount:

(i)
Series:
SEK 1,950,000,000
(ii)
Tranche:
SEK 750,000,000
4.
Issue Price:
99.86 per cent. of the Aggregate Nominal
Amount plus accrued interest amounting to SEK
233,500 from and including 24 August 2018 to
but excluding the Issue Date
5.
(i)
Specified Denomination(s):
SEK 2,000,000 and integral multiples of SEK
1,000,000 in excess thereof up to and including
SEK 3,000,000
(Note: no notes in definitive form will be issued
with a denomination above SEK 3,000,000)
(ii)
Calculation Amount:
SEK 1,000,000
6.
(i)
Issue Date:
18 September 2018
(ii)
Interest Commencement Date:
24 August 2018
7.
Maturity Date:
24 August 2021
8.
Interest Basis:
0.467 per cent. Fixed Rate

9.
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
10.
Change of Interest Basis:
Not Applicable
11.
Put/Call Options:
Not Applicable

Provisions Relating to Interest (if any) Payable
12.
Fixed Rate Note Provisions
Applicable

(i)
Rate(s) of Interest:
0.467 per cent. per annum payable in arrear on
each Interest Payment Date
(ii)
Interest Payment Date(s):
24 August in each year, from and including 24
August 2019, up to and including the Maturity
Date
(iii)
Fixed Coupon Amount(s):
SEK 4,670 per Calculation Amount
(iv)
Broken Amount(s):
Not Applicable

(v)
Additional Business Centre(s):
Stockholm
(vi)
Day Count Fraction:
30/360
(vii)
Determination Date(s):
Not Applicable
13.
Floating Rate Note Provisions
Not Applicable

14.
Zero Coupon Note Provisions
Not Applicable

Provisions Relating to Redemption
15.
Issuer Call:
Not Applicable

16.
Make-whole Redemption by the Issuer
Not Applicable

17.
Investor Put:
Not Applicable

18.
Final Redemption Amount:
Subject to any purchase or cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at SEK 1,000,000 per calculation
Amount
19.
Early
Redemption
Amount
payable
on SEK 1,000,000 per Calculation Amount
redemption for taxation reasons or on event of
default:
General Provisions Applicable to the Notes

20.
Form of Notes:

(a)
Form of Notes:
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable
for Definitive Notes only upon an Exchange
Event
(b)
New Global Note:
No
21.
Additional Financial Centre(s):
Stockholm
22.
Talons for future Coupons to be attached to No
Definitive Notes:

Signed on behalf of the Issuer:
By:
_________________________________
Duly authorised

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing and admission to Application has been made by the Issuer (or on its
trading:
behalf) for the Notes to be listed on the Official List of
the Luxembourg Stock Exchange and admitted to trading
on the Luxembourg Stock Exchange's regulated market,
Bourse de Luxembourg, with effect from or about the
Issue Date.
(ii)
Estimate of total expenses EUR 1,950
related to admission to
trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
BBB+ by Standard & Poor's Credit Market Services
Europe Limited ("S&P"); and
Baa1 by Moody's Deutschland GmbH ("Moody's").

Each of S&P and Moody's is established in the European
Union and is registered under Regulation (EC) No.
1060/2009 (as amended). As such each of S&P and
Moody's is included in the list of credit rating agencies
published by the European Securities and Markets
Authority on its website in accordance with such
Regulation.

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 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 the Guarantor and their affiliates in the ordinary course of
business.
4.
YIELD
0.515 per cent per annum
5.
DISTRIBUTION
(i)
If syndicated, names of Not Applicable
Managers:
(ii)
Date
of
Subscription Not Applicable
Agreement:
(iii)
Stabilising Manager(s) (if Not Applicable
any):
(iv)
If non-syndicated, name Nordea Bank AB (publ)

and address of relevant Smålandsgatan 17
Dealer:
105 71 Stockholm
Sweden

(v)
TEFRA:
TEFRA D
6.
OPERATIONAL INFORMATION
(i)
ISIN Code:
Temporary ISIN XS1880916959 to be consolidated and
form a single Series with existing ISIN XS1868533347
on the exchange of the Temporary Global Note for
interest in the Permanent Global Note, see Part A,
paragraph 1 (iii) above.

(ii)
Common Code:
Temporary Common Code 188091695 to be consolidated
and form a single Series with existing Common Code
186853334 on the exchange of the Temporary Global
Note for interest in the Permanent Global Note, see Part
A, paragraph 1 (iii) above.
(iii)
Any clearing system(s)
Not Applicable
other than Euroclear Bank
S.A./N.V. and Clearstream
Banking S.A. and the
relevant identification
number(s):
(iv)
Delivery:
Delivery against payment
(v)
Names and addresses of
Not Applicable
additional Paying Agent(s)
(if any):
(vi)
Intended to be held in a
No. Whilst the designation is specified as "no" at the date
manner which would allow
of these Final Terms, should the Eurosystem 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.

7.
THIRD PARTY INFORMATION
Not Applicable