Bond NatWest Markets Ltd 3.71% ( XS2155820272 ) in NOK

Issuer NatWest Markets Ltd
Market price 100 %  ⇌ 
Country  United Kingdom
ISIN code  XS2155820272 ( in NOK )
Interest rate 3.71% per year ( payment 1 time a year)
Maturity 14/04/2025 - Bond has expired



Prospectus brochure of the bond Natwest Markets Plc XS2155820272 in NOK 3.71%, expired


Minimal amount /
Total amount /
Detailed description NatWest Markets plc is the investment banking arm of NatWest Group, offering a range of services including fixed income, currencies, and commodities (FICC) trading, advisory, and financing solutions to corporate and institutional clients globally.

The fixed-income market recently observed the maturity and redemption of a specific bond instrument identified by ISIN XS2155820272, issued by Natwest Markets Plc. Natwest Markets Plc, the corporate and institutional banking division of NatWest Group, a prominent UK-based banking and financial services company, specializes in providing financial solutions including fixed income, currencies, and corporate financing to its institutional client base. Originating from the United Kingdom, this particular bond was denominated in Norwegian Krone (NOK) and featured an annual interest rate of 3.71%. As of its maturity date on April 14, 2025, the bond was reported to have been trading at 100% of its principal value prior to redemption; subsequently, the instrument has fully matured and undergone the redemption process, with investors having received their principal repayment.







Final Terms dated 9 April 2020
NatWest Markets Plc
Legal entity identifier (LEI): RR3QWICWWIPCS8A4S074
Issue of NOK 300,000,000 3.71 per cent Notes due 14 April 2025
under the £10,000,000,000
Euro Medium Term Note Programme
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 Directive 2014/65/EU (as amended, "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.

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 21 November 2019 and the supplemental Prospectuses dated 2 December
2019, 19 December 2019 and 17 February 2020 which together constitute a base prospectus for the
purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitute the
Final Terms of the Notes described herein for the purposes of the Prospectus Regulation and must be read
in conjunction with such Prospectus as so supplemented in order to obtain all 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 Prospectus. The Prospectus and the supplemental Prospectuses are available for
viewing at:
http://www.rns-pdf.londonstockexchange.com/rns/2881U_1-2019-11-21.pdf;
http://www.rns-pdf.londonstockexchange.com/rns/3815V_1-2019-12-2.pdf
http://www.rns-pdf.londonstockexchange.com/rns/5679X_1-2019-12-19.pdf; and
http://www.rns-pdf.londonstockexchange.com/rns/2401D_1-2020-2-17.pdf

1
Issuer:
NatWest Markets Plc


2
(i)
Series Number:
53



(ii)
Tranche Number:
1



(iii) Date on which the Notes will be
Not Applicable


consolidated and form a single
Series:
3
Specified Currency or Currencies:
Norwegian Krone (NOK)


4
Aggregate Nominal Amount:










(i)
Series:
NOK 300,000,000



(ii) Tranche:
NOK 300,000,000


5
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount


6
(i) Specified Denominations:
NOK 2,000,000



(ii) Calculation Amount:
NOK 2,000,000


7
(i)
Issue Date:
14 April 2020



(ii)
Interest Commencement Date:
14 April 2020


8
Maturity Date:
14 April 2025


9
Interest Basis:
3.71 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:
Not Applicable
12 Put/Call Options:
Not Applicable
13 Date Board approval for issuance of
Not Applicable
Notes obtained:


PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14 Fixed Rate Note Provisions:
Applicable



(i)
Rate of Interest:
3.71 per cent. per annum payable in arrear on each


Interest Payment Date

(ii)
Interest Payment Dates:
14 April in each year from and including 14 April


2021 up to and including the Maturity Date


(iii)
Fixed Coupon Amount:
Not Applicable



(iv)
Broken Amount(s):
Not Applicable



(v)
Day Count Fraction:
Actual/Actual (ICMA)



(vi)
Determination Dates:
14 April in each year



(vii)
Business Day Convention:
Not Applicable



(viii)
Business Centre(s):
TARGET


15 Reset Note Provisions:
Not Applicable


16 Floating Rate Note Provisions:
Not Applicable


17 Zero Coupon Note Provisions:
Not Applicable




PROVISIONS RELATING TO REDEMPTION
18 Notice periods for Condition:
Minimum period: 5 days




Maximum period: 30 days


19 Issuer Call:
Not Applicable


20 Investor Put:
Not Applicable


21 Final Redemption Amount:
NOK 2,000,000 per Calculation Amount








22 Early Redemption Amount payable on
NOK 2,000,000 per Calculation Amount


redemption (a) for taxation reasons or
(b) on an event of default:


GENERAL PROVISIONS APPLICABLE TO THE NOTES
23 Form of Notes:




(i) Form:
Bearer Notes:




Temporary Global Note exchangeable for a Permanent


Global Note which is exchangeable for Definitive
Notes only upon the occurrence of an Exchange Event

(ii) NGN:
Yes



(iii) CMU Notes:
No


24 Additional Financial Centre(s):
London and TARGET


25 Talons for future Coupons to be
No


attached to Definitive Notes (and dates
on which such Talons mature):
26 Whether TEFRA D/TEFRA C rules
TEFRA D


applicable or TEFRA rules not
applicable:
27 Relevant Benchmark:
Not Applicable




Signed on behalf of NatWest Markets Plc:

By: ...........................................................

Duly authorised









PART B ­ OTHER INFORMATION
1
LISTING



(i)
Admission to trading:
Application has been made by the Issuer (or on its

behalf) for the Notes to be admitted to trading on
the London Stock Exchange's regulated market
with effect from 14 April 2020

(ii)
Estimate of total expenses relating to GBP 395

admission to trading:
2
RATINGS



Ratings:
The Notes to be issued are expected to be rated:

S&P Global Ratings Europe Limited: A-
Moody's Investors Service Limited: Baa2
Fitch Ratings Limited: A

3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE


Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the

offer of the Notes has an interest material to the offer.
4
REASONS FOR THE OFFER AND ESTIMATED NET AMOUNT OF PROCEEDS

Reasons for the offer:
See "Use of Proceeds" in the Prospectus.

Estimated net proceeds:
NOK 299,550,000

5
YIELD


Indication of yield:
3.71 per cent. per annum



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



(i) ISIN:
XS2155820272


(ii) Common Code:
215582027


(iii) CMU Instrument Number:
Not Applicable


(iv)

Clearing System:
Euroclear Bank SA/NV and Clearstream Banking
S.A.

(v) Any clearing system(s) other than Not Applicable

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

(vi) Delivery:
Delivery free of payment

(vii) Names and addresses of additional Paying Not Applicable

Agent(s) (if any):

(viii) Intended to be held in a manner which No

would allow Eurosystem eligibility:
Whilst the designation is specified as "no" at the






date of these Final Terms, should the 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 European
Central Bank being satisfied that Eurosystem
eligibility criteria have been met.

(ix) Prohibition of Sales to EEA Retail Not Applicable

Investors: