Obbligazione AMRO ABN 1.575% ( XS1940860593 ) in EUR

AMRO ABN

100 EUR ⇌

Paesi Bassi

XS1940860593 ( in EUR )

1.575% per anno ( pagato 1 volta l'anno)

25/01/2040 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione ABN AMRO XS1940860593 in EUR 1.575%, scaduta

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ABN AMRO è una banca olandese che offre servizi di gestione patrimoniale, finanziamenti e servizi di pagamento a clienti privati e aziendali.

L'obbligazione con codice ISIN XS1940860593, emessa da ABN AMRO, una delle principali banche olandesi con sede nei Paesi Bassi e un'ampia offerta di servizi finanziari, presentava un tasso d'interesse annuale dell'1,575% denominato in Euro (EUR), con una frequenza di pagamento annuale e una scadenza fissata per il 25 gennaio 2040; questo strumento, il cui prezzo di mercato era quotato al 100%, è giunto a maturità ed è stato interamente rimborsato.

FINAL TERMS
23 January 2019
ABN AMRO Bank N.V.
(incorporated in The Netherlands with its statutory seat in Amsterdam and registered in the
Commercial Register of the Chamber of Commerce under number 34334259)
Issue of EUR 20,000,000 1.575 per cent. Fixed Rate Covered Bonds
due 25 January 2040
(CB226)

Guaranteed as to payment of principal and interest by
ABN AMRO Covered Bond Company B.V.
under the 40,000,000,000
Covered Bond Programme
The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the
basis that any offer of Covered Bonds 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 the Covered Bonds. Accordingly any person making or
intending to make an offer in that Relevant Member State of the Covered Bonds may only do so in
circumstances in which no obligation arises for the 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. Neither the Issuer nor any Dealer has
authorised, nor do they authorise, the making of any offer of Covered Bonds in any other circumstances.
The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto,
including the 2010 PD Amending Directive, to the extent implemented in the relevant Member State)
and includes any relevant implementing measures in the Relevant Member State and the expression
"2010 PD Amending Directive" means Directive 2010/73/EU.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS  The Covered Bonds 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"); (ii) a customer within the meaning of Directive 2016/97/EU ("IDD"), 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 Directive 2003/71/EC (as amended or superseded, the
"Prospectus Directive"). Consequently no key information document required by Regulation (EU) No
1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Covered Bonds or otherwise
making them available to retail investors in the EEA has been prepared and therefore offering or selling
1

the Covered Bonds 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 ECPs only target market Solely for the
purposes of each manufacturer's product approval process, the target market assessment in respect of
the Covered Bonds has led to the conclusion that: (i) the target market for the Covered Bonds is eligible
counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for
distribution of the Covered Bonds to eligible counterparties and professional clients are appropriate.
Any person subsequently offering, selling or recommending the Covered Bonds (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 Covered
Bonds (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 Conditions (the
"Conditions") set forth in the Base Prospectus dated 20 December 2018 (the "Base Prospectus") for the
purposes of the Prospectus Directive. This document constitutes the Final Terms of the Covered Bonds
described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in
conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Covered Bonds
is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base
Prospectus is available for viewing at www.abnamro.com/en/investorrelations/debtinvestors and
during normal business hours at the registered office of the Issuer, currently at Gustav Mahlerlaan 10,
1082 PP Amsterdam, The Netherlands and copies may be obtained from the Issuer at that address.
1.
(i)
Issuer:
ABN AMRO Bank N.V., acting through its head
office

(ii)
CBC:
ABN AMRO Covered Bond Company B.V.
2.
(i)
Series Number:
CB226

(ii)
Tranche Number:
1

(iii)
Date on which the Covered
Not Applicable
Bonds become fungible:

3.
Specified Currency or Currencies:
Euro ("EUR")
2

4.
Aggregate Nominal Amount:

(i)
Series:
EUR 20,000,000

(ii)
Tranche:
EUR 20,000,000
5.
Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations:
EUR 100,000

(ii)
Calculation Amount
EUR 100,000
7.
(i)
Issue Date:
25 January 2019

(ii)
Interest Commencement
Issue Date
Date:
8.
(i)
Final Maturity Date:
25 January 2040

(ii)
Bullet Maturity:
Soft
9.
Extended Due for Payment Date:
Applicable. The Specified Interest Payment
Date falling in or nearest to 25 January 2041

10.
Interest Basis:
1.575 per cent. Fixed Rate from, and including,
the Interest Commencement Date to, but
excluding, the Final Maturity Date
(further particulars specified below in (15)).

From, and including, the Extension Date in
respect of the Covered Bonds described herein
(if applicable) to, but excluding, the Extended
Due for Payment Date (unless the Guaranteed
Final Redemption Amount in respect of the
Covered Bonds described herein is paid in full
prior to such date), one month EURIBOR + 0.28
per cent. Floating Rate
(further particulars specified below in (16)).

3

11.
Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption and subject to Condition 3
(The Guarantee), the Covered Bonds will be
redeemed on the Final Maturity Date at 100
per cent. of their nominal amount.

12.
Change of Interest Basis:
In accordance with paragraphs 15 and 16 below

13.
Call Option(s):
Not applicable
14.
(i)
Status of the Covered
Unsubordinated, unsecured, guaranteed
Bonds:

(ii)
Status of the Guarantee:
Unsubordinated, secured (indirectly, through a
parallel debt), unguaranteed

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Covered Bond Provisions
Applicable

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

(ii)
Interest Payment Date(s):
25 January in each year commencing on 25
January 2020, up to and including the Final
Maturity Date subject to adjustment in
accordance with the Following Business Day
Convention, Unadjusted for the Fixed Rate
Covered Bond Provisions (provided
however that after the Extension Date, the
Interest Payment Date shall be monthly, see
the Floating Rate Covered Bond Provisions
below).

(iii)
Fixed Coupon Amount(s):
EUR 1,575 per Calculation Amount

(iv)
Broken Amount(s):
Not applicable

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

4

(vi)
Determination Date(s):
25 January in each year

16.
Floating Rate Covered Bond
Applicable
Provisions

(i)
Interest Period(s):
1 Month

(ii)
Specified Period:
Not Applicable

(iii)
Specified Interest Payment
The 25th day of each month, from, and
Dates:
including, the First Interest Payment Date
set out in (iv) below up to and including the
earlier of: (i) the Extended Due for Payment
Date and (ii) the date on which the
Guaranteed Final Redemption Amount in
respect of the Covered Bonds described
herein is paid in full, subject to adjustment
in accordance with the Business Day
Convention set out in (v) below

(iv)
First Interest Payment Date:
25 February 2040, provided that the
Extension Date occurs in respect of the
Covered Bonds described herein

(v)
Business Day Convention:
Modified Following Business Day
Convention

(vi)
Unadjusted:
No

(vii)
Additional Business Centre(s):
Not Applicable

(viii)
Manner in which the Rate(s) of
Screen Rate Determination
Interest and Interest Amount(s)
is/are to be determined:

(ix)
Calculation Agent
Principal Paying Agent

(x)
Screen Rate Determination:
Yes

--
Reference Rate:
1 Month EURIBOR
5

--
Interest Determination Date(s): The second day on which TARGET2 is open
prior to the start of each Interest Period

--
Relevant Screen Page:
Reuters EURIBOR01

(xi)
ISDA Determination:
No

(xii)
Margin(s):
+ 0.28 per cent. per annum

(xiii)
Minimum Rate of Interest:
Not Applicable

(xiv)
Maximum Rate of Interest:
Not Applicable

(xv)
Day Count Fraction:
Actual/360
17.
Zero Coupon Covered Bond Provisions Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Issuer Call
Not applicable
19.
Final Redemption Amount of each
EUR 100,000 per Calculation Amount
Covered Bond

20.
Early Redemption Amount of each

Covered Bond

Early Redemption Amount per
As set out in Condition 6 (Redemption and
Calculation Amount payable on
Purchase)
redemption for taxation reasons, or on
acceleration following an Issuer Event
of Default as against the Issuer or a
CBC Event of Default or other early
redemption:
6

GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
21.
Form of Covered Bonds:
Bearer form
Temporary Global Covered Bond
exchangeable for a Permanent Global
Covered Bond which is exchangeable for
Definitive Covered Bonds only upon an
Exchange Event, subject to mandatory
provisions of applicable laws and
regulations
22.
New Global Note
Yes
23.
Exclusion of setoff
Not Applicable
24.
For the purposes of Condition 13,
No
notices to be published in a
newspaper:
25.
Additional Financial Centre(s):
Not Applicable
26.
Talons for future Coupons or Receipts
No
to be attached to Definitive Covered
Bonds (and dates on which such Talons
mature):
27.
Consolidation provisions:
Not applicable
28.
Relevant Benchmark
EURIBOR is provided by the European
Money Markets Institute. As at the date
hereof, the European Money Markets
Institute does not appear in the register of
administrators and benchmarks established
and maintained by ESMA pursuant to
Article 36 (Register of administrators and
benchmarks) of the Benchmark Regulation
(Regulation (EU) 2016/1011)
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RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms. The CBC accepts
responsibility for the information relating to the CBC contained in these Final Terms.
Signed on behalf of the Issuer:
Signed on behalf of the CBC:
By:
By:

Duly authorized
Duly authorised
By:
By:

Duly authorised
Duly authorised

8

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(i)
Listing:
Euronext in Amsterdam

(ii)
Admission to trading:
Application has been made by the Issuer (or
on its behalf) for the Covered Bonds to be
admitted to trading on Euronext in
Amsterdam with effect from 25 January
2019

(iii)
Estimate of total expenses
EUR 11,200
related to admission to trading:
2.
RATINGS

Ratings:
The Covered Bonds to be issued have not
been specifically rated. The rating allocated
to Covered Bonds under the Programme
generally is:
Moody's: Aaa
Fitch: AAA

Moody's Investors Service Ltd. and Fitch
Ratings Limited are established in the EEA
and registered under Regulation (EC) No.
1060/2009, as amended (the "CRA
Regulation").
3.
YIELD

Indication of yield:
1.575 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.
4.
OPERATIONAL INFORMATION
(i)
ISIN Code:
XS1940860593
(ii)
Common Code:
194086059
(iii)
Other relevant code:
Not Applicable
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(iv)
Intended to be held in a manner which Yes
would allow Eurosystem eligibility:
Note that the designation "Yes" does not
necessarily mean that the Covered Bonds
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.
The Covered Bonds will be deposited
initially upon issue with one of the ICSDs
acting as common safekeeper

(v)
Any clearing system(s) other than
Not Applicable
Euroclear Bank SA/NV and Clearstream
Banking, société anonyme and the
relevant identification number(s):
(vi)
Delivery:
Delivery against payment
(vii)
Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):

5.
DISTRIBUTION
(i)
Method of distribution:
Nonsyndicated
(ii)
(a) If syndicated, names of Managers:
Not Applicable

(b) Stabilising Manager(s) (if any):
Not Applicable
(iii)
If nonsyndicated, name of Dealer(s):
DZ BANK AG Deutsche Zentral
Genossenschaftsbank, Frankfurt am Main

(iv)
U.S. selling restrictions:
Regulation S Compliance Category 2 and
TEFRA D
(v)
ERISA:
No
10