Bond OP Yrityskassi Oyj 0% ( XS2027592547 ) in USD

OP Yrityskassi Oyj

100 % ⇌

Finland

XS2027592547 ( in USD )

19/07/2029

Prospectus brochure of the bond OP Yrityspankki Oyj XS2027592547 en USD 0%, maturity 19/07/2029

OP Yrityspankki Oyj is a Finnish company offering a wide range of financial services to corporate and institutional clients, including lending, financing, and treasury management solutions.

The Bond issued by OP Yrityskassi Oyj ( Finland ) , in USD, with the ISIN code XS2027592547, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 19/07/2029

PRICING SUPPLEMENT
NO PROSPECTUS IS REQUIRED IN ACCORDANCE WITH DIRECTIVE 2003/71/EC AS AMENDED
OR SUPERSEDED (THE "PROSPECTUS DIRECTIVE") FOR THE ISSUE OF INSTRUMENTS
DESCRIBED BELOW AND THE CENTRAL BANK OF IRELAND (IN ITS CAPACITY AS
COMPETENT AUTHORITY UNDER THE PROSPECTUS DIRECTIVE) HAS NEITHER APPROVED
NOR REVIEWED INFORMATION RELATING TO THE INSTRUMENTS DESCRIBED BELOW
CONTAINED IN THIS PRICING SUPPLEMENT.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS  The Instruments 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"). 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"); or (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.
Consequently, no key information document required by Regulation (EU) No 1286/2014 (the "PRIIPs
Regulation") for offering or selling the Instruments or otherwise making them available to retail investors
in the EEA has been prepared and therefore offering or selling the Instruments or otherwise making them
available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
MiFID II product governance / Professional investors and eligible counterparties only target market
Solely for the purposes of the manufacturers' product approval process, the target market assessment in
respect of the Instruments has led to the conclusion that: (i) the target market for the Instruments is eligible
counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for
distribution of the Instruments to eligible counterparties and professional clients are appropriate. Any
person subsequently offering, selling or recommending the Instruments (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 Instruments (by either
adopting or refining the manufacturers' target market assessment) and determining appropriate distribution
channels.
Pricing Supplement dated 17 July 2019
OP Corporate Bank plc
(Incorporated in Finland with limited liability)
(the "Bank" or the "Issuer")
Legal Entity Identifier: 549300NQ588N7RWKBP98
Issue of U.S.$50,000,000 Fixed Rate Senior Non-Preferred Instruments due 17 July 2029
under the EUR 20,000,000,000 Programme for the Issuance of Debt Instruments
Part A Contractual Terms
Any person making or intending to make an offer of the Instruments may only do so in circumstances in
which no obligation arises for the Bank 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.
This document constitutes the Pricing Supplement for the Instruments described herein. This document
must be read in conjunction with the Base Prospectus dated 15 February 2019 and the supplements to it
dated 28 February 2019 and 9 May 2019 (together, the "Base Prospectus"). Full information on the Bank
and the offer of the Instruments is only available on the basis of the combination of this Pricing Supplement
and the Base Prospectus.
The Base Prospectus is available for viewing during normal business hours at the registered office of OP
Corporate Bank plc at Gebhardinaukio 1, FIN-00510 Helsinki, Finland and the offices of The Bank of New
York Mellon, London Branch at One Canada Square, London E14 5AL, United Kingdom and on the
website of OP Corporate Bank plc (www.op.fi/op-financial-group/debt-investors/issuers/op-corporate-
bank-plc/emtn-base-prospectuses) and copies may also be obtained from the registered office of OP
Corporate Bank plc at Gebhardinaukio 1, FIN-00510 Helsinki, Finland and the offices of The Bank of New
York Mellon, London Branch at One Canada Square, London E14 5AL, United Kingdom.

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1.
Issuer:
OP Corporate Bank plc

2.
(i)
Series Number:
241

(ii)
Tranche Number:
1

(iii)
Date on which the Instruments
Not Applicable

become fungible:
3.
Specified Currency or Currencies:
U.S. dollar ("U.S.$")

4.
Aggregate Nominal Amount of Instruments:
U.S.$50,000,000

(i)
Series:
U.S.$50,000,000

(ii)
Tranche:
U.S.$50,000,000

5.
Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations:
U.S.$1,000,000

(ii)
Calculation Amount:
U.S.$1,000,000

7.
(i)
Issue Date:
17 July 2019

(ii)
Interest Commencement Date:
17 July 2019

8.
Maturity Date:
17 July 2029

9.
Interest Basis:
2.933 per cent. Fixed Rate

Condition 5A. (Interest Fixed Rate)

10.
Redemption/Payment Basis:
Redemption at par

11.
Change of Interest or Redemption/ Payment
Not Applicable

Basis:
12.
Put/Call Options:
Issuer Call

13.
(i)
Status of the Instruments:
Senior Non-Preferred Instruments

Condition 3B (Senior Non-Preferred
Instruments)

(ii)
Unsubordinated Instruments
Applicable

Waiver of Set-Off:
Condition 3B.05 (Senior Non-Preferred
Instruments)
14.
Date Board approval for issuance of
Not-Applicable

Instruments obtained:
15.
Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

16.
Fixed Rate Instrument Provisions
Applicable

(i)
Rate of Interest:
2.933 per cent. per annum payable in arrear on
each Interest Payment Date
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(ii)
Interest Payment Date(s):
17 January and 17 July in each year,
commencing on 17 January 2020

(iii)
Fixed Coupon Amount:
U.S.$14,665 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
30/360

17.
Resettable Instrument Provisions
Not Applicable

18.
Floating Rate Instrument Provisions
Not Applicable

19.
Zero Coupon Instrument Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

20.
Call Option
Applicable

Early redemption following an MREL
Applicable

Disqualification Event:
21.
Put Option
Not Applicable

22.
Final Redemption Amount
U.S.$1,000,000 per Calculation Amount

23.
Early Redemption Amount

Early Redemption Amount(s) per
U.S.$1,000,000 per Calculation Amount

Calculation Amount payable on redemption
for taxation reasons or on event of default or
other early redemption and/or the method of
calculating the same (if required or if
different from that set out in the Conditions):
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS

24.
Form of Instruments:
Bearer Instruments:

Temporary Global Instrument exchangeable for
a Permanent Global Instrument which is
exchangeable for Definitive Instruments in the
limited
circumstances
specified
in
the
Permanent Global Instrument
25.
New Global Instrument (for Bearer
Yes

Instruments):

26.
New Safekeeping Structure (for Registered
Not Applicable

Instruments):

27.
Financial Centre(s) or other special
London, New York and TARGET2

provisions relating to payment dates:
28.
Talons for future Coupons or Receipts to be
No

attached to Definitive Instruments (and dates
on which such Talons mature):
29.
Redenomination, renominalisation and
Not Applicable

reconventioning provisions (Condition 16):
30.
Substitution or variation (Condition 9):

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Substitution or variation following a Capital
Not Applicable

Event:

Substitution or variation following an
Applicable

MREL Disqualification Event:
31.
Prohibition of Sales to EEA Retail Investors: Applicable

32.
Other terms or special conditions:
Not Applicable

33.
Green Bond:
No

Signed on behalf of the Bank:

By: :.................................
By:.................................
Duly authorised
Duly authorised
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Part B Other Information
1.
LISTING AND ADMISSION TO TRADING

Not Applicable

2.
RATINGS

The Instruments to be issued will not be separately rated.

3.
USE OF PROCEEDS

The proceeds of the issue of the Instruments will be used by the Bank for general corporate
purposes.
4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE/OFFER

Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the Issuer is aware,
no person involved in the offer of the Instruments has an interest material to the offer.
5.
YIELD

Indication of yield:
2.933 per cent.

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield.
6.
OPERATIONAL INFORMATION

ISIN:
XS2027592547

Common Code:
202759254

FISN:
OP CORPORATE BA/2.93EMTN 20290717

CFI code:
DTFXFR

Any clearing system(s) other than
Not Applicable

Euroclear Bank SA/NV and Clearstream
Banking S.A. and the relevant
identification number(s):

Delivery:
Delivery against payment

Names and addresses of additional Paying
Not Applicable

Agent(s) (if any):

New Global Instrument intended to be held
Yes. Note that the designation "Yes" simply
in a manner which would allow
means that the Instruments are intended upon
Eurosystem eligibility:
issue to be deposited with one of the ICSDs as
common safekeeper and does not necessarily
mean that the Instruments will be recognised as
eligible collateral for Eurosystem monetary
policy and intraday 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
Eurosystem eligibility criteria have been met.
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7.
DISTRIBUTION

(i)
If syndicated, names of
Not Applicable

Managers:

(ii)
Stabilising Manager(s) (if any):
Not Applicable

(iii)
Date of Subscription Agreement:
Not Applicable

If non-syndicated, name and address of
J.P. Morgan Securities plc

Dealer:
25 Bank Street, CanaryWharf
London, E14 5JP
United Kingdom

U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

Additional selling restrictions:
Not Applicable

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