Bond OP Yrityskassi Oyj 0.125% ( XS2197342129 ) in EUR

Issuer OP Yrityskassi Oyj
Market price 100 %  ⇌ 
Country  Finland
ISIN code  XS2197342129 ( in EUR )
Interest rate 0.125% per year ( payment 1 time a year)
Maturity 01/07/2024 - Bond has expired



Prospectus brochure of the bond OP Yrityspankki Oyj XS2197342129 in EUR 0.125%, expired


Minimal amount /
Total amount /
Detailed description 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 EUR, with the ISIN code XS2197342129, pays a coupon of 0.125% per year.
The coupons are paid 1 time per year and the Bond maturity is 01/07/2024








EXECUTION VERSION

PROHIBITION OF SALES TO EEA AND UK 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")
or in the United Kingdom (the "UK"). 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 (as amended, "MiFID II"); (ii) a customer within the meaning of Directive (EU)
2016/97, 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
Regulation. Consequently, no key information document required by Regulation (EU) No
1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Instruments or
otherwise making them available to retail investors in the EEA or in the UK has been prepared
and therefore offering or selling the Instruments or otherwise making them available to any
retail investor in the EEA or in the UK may be unlawful under the PRIIPs Regulation.
MiFID II product governance / Professional investors and eligible counterparties only
target market ­ Solely for the purposes of each manufacturer's 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.
Final Terms dated 29 June 2020
OP Corporate Bank plc
(Incorporated in Finland with limited liability)
(the "Bank" or the "Issuer")
Legal Entity Identifier: 549300NQ588N7RWKBP98
Issue of
EUR 1,000,000,000 0.125 per cent. Unsubordinated Instruments due 1 July 2024
under the EUR 20,000,000,000 Programme for the Issuance of Debt Instruments
Part A ­ Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in the base prospectus dated 13 February 2020 and the supplemental base prospectuses
dated 28 February 2020 and 30 April 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 Instruments described herein
for the purposes of the Prospectus Regulation and must be read in conjunction with such Base
Prospectus as so supplemented in order to obtain all the relevant information. Full information
on the Bank and the offer of the Instruments is only available on the basis of the combination
of these Final Terms and the Base Prospectus as so supplemented.
256751-3-1-v2.0
- 1-
70-40753888




The Base Prospectus and the supplemental base prospectuses have been published on the
websites of OP Corporate Bank plc (www.op.fi/op-financial-group/debt-investors/Banks/op-
corporate-bank-plc/emtn-base-prospectuses) and the Irish Stock Exchange plc trading as
Euronext Dublin ("Euronext Dublin") (www.ise.ie).
1.
Issuer:
OP Corporate Bank plc
2.
(i)
Series Number:
252

(ii)
Tranche Number:
1

(iii)
Date on which the
Not Applicable
Instruments become
fungible:
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount of

Instruments:

(i)
Series:
EUR 1,000,000,000

(ii)
Tranche:
EUR 1,000,000,000
5.
Issue Price:
99.96 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations: EUR 100,000 and integral multiples of EUR
1,000 in excess thereof up to and including
EUR 199,000. No Definitive Instruments will
be issued with a denomination above EUR
199,000

(ii)
Calculation Amount:
EUR 1,000
7.
(i)
Issue Date:
1 July 2020

(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
1 July 2024
9.
Interest Basis:
0.125 per cent. Fixed Rate
Condition 5A. (Interest ­ Fixed Rate)
(see paragraph 16 below)
10.
Redemption/Payment Basis:
100.00 per cent. of the Aggregate Nominal
Amount
11.
Change of Interest or Redemption/ Not Applicable
Payment Basis:
256751-3-1-v2.0
- 2-
70-40753888




12.
Put/Call Options:
Not Applicable
13.
Status of the Instruments:
Unsubordinated Instruments
14.
Date Board approval for issuance
Not Applicable
of Instruments obtained:
15.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Instrument Provisions Applicable

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

(ii)
Interest Payment Date(s):
1 July in each year, commencing on 1 July
2021

(iii)
Fixed Coupon Amount:
EUR 1.25 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA)
17.
Resettable Instrument Provisions Not Applicable
18.
Floating Rate Instrument
Not Applicable
Provisions
19.
Zero Coupon Instrument
Not Applicable
Provisions
PROVISIONS RELATING TO REDEMPTION
20.
Call Option
Not Applicable
21.
Put Option
Not Applicable
22.
Final Redemption Amount
EUR 1,000 per Calculation Amount
23.
Early Redemption Amount


Early Redemption Amount(s) per
EUR 1,000 per Calculation Amount
Calculation Amount payable on
redemption for taxation reasons or
on event of default or other early
redemption:
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
24.
Form of Instruments:
Bearer Instruments:
256751-3-1-v2.0
- 3-
70-40753888




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
Yes
26.
Financial Centre(s) or other special Not Applicable
provisions relating to payment
dates:
27.
Talons for future Coupons or
No
Receipts to be attached to
Definitive Instruments (and dates
on which such Talons mature):
28.
Redenomination, renominalisation Not Applicable
and reconventioning provisions
(Condition 16):
29.
Substitution or variation (Condition
9):

Substitution or variation following Not Applicable
a Capital Event:

Substitution or variation following Not Applicable
an MREL Disqualification Event:
30.
Prohibition of Sales to EEA and
Applicable
UK Retail Investors:
31.
Green Bond:
No

256751-3-1-v2.0
- 4-
70-40753888




Signed on behalf of the Bank:
By: .................................
By:.................................
Duly authorised
Duly authorised




Part B ­ Other Information
1.
LISTING AND ADMISSION TO TRADING

Admission to trading:
Application has been made to Euronext Dublin
for the Instruments to be admitted to the
Official List and to trading on the Regulated
Market of Euronext Dublin with effect from the
Issue Date

Estimate of total expenses related to EUR 1,000
admission to trading:
2.
RATINGS


The Instruments to be issued are expected to be rated:

S&P Global Ratings Europe Limited: AA-

Moody's Investors Service (Nordics) AB: Aa3
3.
REASONS FOR THE OFFER AND ESTIMATED NET AMOUNT OF
PROCEEDS

Reasons for the Offer:
The proceeds of the issue of the Instruments
will be used by the Bank for general corporate
purposes.

Estimated net proceeds:
EUR 997,600,000
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 Bank
is aware, no person involved in the offer of the Instruments has an interest material to
the offer.
5.
YIELD

Indication of yield:
0.135 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

ISIN:
XS2197342129

Common Code:
219734212

FISN:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
256751-3-1-v2.0
- 6-
70-40753888




sourced from the responsible National
Numbering Agency that assigned the ISIN

CFI code:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National
Numbering Agency that assigned the ISIN

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 Not Applicable
Paying Agent(s) (if any):

New Global Instrument intended to Yes. Note that the designation "Yes" simply
be held in a manner which would
means that the Instruments are intended upon
allow 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.
7.
DISTRIBUTION

(i)
If syndicated, names of
Joint Lead Managers:
Managers:
BofA Securities Europe SA
Nomura International plc
OP Corporate Bank plc
Société Générale

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

(iii)
Date of Subscription
29 June 2020
Agreement:

If non-syndicated, name and address Not Applicable
of Dealer:
256751-3-1-v2.0
- 7-
70-40753888





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

256751-3-1-v2.0
- 8-
70-40753888