Obbligazione OP Yrityskassi Oyj 0% ( XS2023704468 ) in GBP

OP Yrityskassi Oyj

100 GBP ⇌

Finlandia

XS2023704468 ( in GBP )

0%

08/07/2020 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione OP Yrityspankki Oyj XS2023704468 in GBP 0%, scaduta

100 000 GBP

200 000 000 GBP

OP Yrityspankki Oyj è una banca finlandese che offre servizi finanziari alle aziende, inclusi prestiti, finanziamenti e gestione del patrimonio.

Il presente articolo analizza un'obbligazione precedentemente emessa da OP Yrityspankki Oyj, la quale, in qualità di primaria banca d'affari finlandese e parte integrante del prestigioso Gruppo Finanziario OP, uno dei maggiori conglomerati cooperativi del paese, aveva collocato questo strumento di debito identificato dal codice ISIN XS2023704468, strutturato come un'obbligazione a tasso zero (0%), denominata in Sterline Britanniche (GBP), con un ammontare totale dell'emissione pari a 200.000.000 GBP e un taglio minimo per l'acquisto di 100.000 GBP, riflettendo una destinazione prevalente verso investitori istituzionali, essendo stata emessa in Finlandia con una frequenza di pagamento unica e una data di scadenza fissata all'8 luglio 2020, data in cui l'obbligazione ha regolarmente raggiunto la piena maturità ed è stata integralmente rimborsata agli investitori al 100% del suo valore nominale, confermando la piena esecuzione degli impegni contrattuali dell'emittente.

FINAL TERMS
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 Directive
2014/65/EU (as amended, "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 4 July 2019
OP Corporate Bank plc
(Incorporated in Finland with limited liability)
(the "Bank" or the "Issuer")
Legal Entity Identifier: 549300NQ588N7RWKBP98
Issue of GBP 200,000,000 Floating Rate Instruments due 8 July 2020
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 15 February 2019 and the supplemental Base Prospectuses dated 28 February
2019 and 9 May 2019 (the "Base Prospectus") which together constitute a base prospectus for the
purposes of Directive 2003/71/EC (as amended or superseded) (the "Prospectus Directive"). This
document constitutes the Final Terms of the Instruments described herein for the purposes of Article 5.4
of the Prospectus Directive and must be read in conjunction with such Base Prospectus as so
supplemented. 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.
The Base Prospectus is available for viewing (i) 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 (ii) on
the websites of OP Corporate Bank plc (www.op.fi/op-financial-group/debt-investors/issuers/op-
corporate-bank-plc/emtn-base-prospectuses) and the Irish Stock Exchange plc trading as Euronext
Dublin ("Euronext Dublin") (www.ise.ie). Copies of the Base Prospectus 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.
1.
Issuer:
OP Corporate Bank plc

2.
(i)
Series Number:
240

(ii)
Tranche Number:
1

(iii)
Date on which the Instruments
Not Applicable

become fungible:
3.
Specified Currency or Currencies:
British Pound ("GBP")

4.
Aggregate Nominal Amount of

Instruments:

(i)
Series:
GBP 200,000,000

(ii)
Tranche:
GBP 200,000,000

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

6.
(i)
Specified Denominations:
GBP 100,000

(ii)
Calculation Amount:
GBP 100,000

7.
(i)
Issue Date:
8 July 2019

(ii)
Interest Commencement Date:
8 July 2019

8.
Maturity Date:
8 July 2020

9.
Interest Basis:
3 month GBP-LIBOR + 0.14 per cent. Floating Rate

5B. (Interest Floating Rate)
(see paragraph 18 below)
10.
Redemption/Payment Basis:
Redemption at par

11.
Change of Interest or Redemption/
Not Applicable

Payment Basis:

12.
Put/Call Options:
Not Applicable

13.
(i)
Status of the Instruments:
Unsubordinated Instruments

(ii)
Unsubordinated Instruments
Not Applicable

Waiver of Set-Off:
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
Not Applicable

17.
Resettable Instrument Provisions
Not Applicable

18.
Floating Rate Instrument Provisions
Applicable

(i)
Interest Period(s):
Each period beginning on (and including) the Interest
Commencement Date and ending on (but excluding)
the First Interest Payment Date and each period
beginning on (and including) an Interest Payment
Date and ending on (but excluding) the next Interest
Payment Date is herein called an "Interest Period".
(ii)
Specified Interest Payment
Quarterly in arrears on every 8 January, 8 April, 8
Dates:
July and 8 October, commencing from and including
8 October 2019 to and including the Maturity Date,
subject to adjustment in accordance with the
Modified Following Business Day Convention
(iii)
First Interest Payment Date:
8 October 2019

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

(v)
Business Centre(s):
London and TARGET

(vi)
Manner in which the Rate(s) of
Screen Rate Determination

Interest is/are to be determined:
(vii)
Party responsible for calculating
Not Applicable

the Rate(s) of Interest and/or
Interest Amount(s) (if not the
Fiscal Agent):

(viii)
Screen Rate Determination:

· Reference Rate:
3-month
GBP-LIBOR
(or
any
successor
or
replacement rate)

· Relevant Time:
11.00 a.m. London time

· Interest Determination
Two Business Days before the first day of the
Date(s):
relevant Interest Period

· Relevant Screen Page:
Reuters page LIBOR01 (or any successor or
replacement page)

(ix)
Swap-related (ISDA):
Not Applicable

(x)
Linear Interpolation:
Not Applicable

(xi)
Margin(s):
+ 0.14 per cent. per annum

(xii)
Minimum Rate of Interest:
Not Applicable

(xiii)
Maximum Rate of Interest:
Not Applicable

(xiv)
Day Count Fraction:
Actual/365 (Fixed)

19.
Zero Coupon Instrument Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

20.
Call Option
Not Applicable

21.
Put Option
Not Applicable

22.
Final Redemption Amount
GBP 100,000 per Calculation Amount

23.
Early Redemption Amount

Early Redemption Amount(s) per
GBP 100,000 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:

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
Not Applicable

Registered Instruments):

27.
Financial Centre(s) or other special
London and TARGET

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

be 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):
Not Applicable

Substitution or variation following a
Not Applicable

Capital Event:

Substitution or variation following an
Not Applicable

MREL Disqualification Event:
31.
Prohibition of Sales to EEA Retail
Not Applicable

Investors:
32.
Green Bond:
No

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 8 July 2019.

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 Ltd: Aa3

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 Bank is aware,
no person involved in the offer of the Instruments has an interest material to the offer
5.
OPERATIONAL INFORMATION

ISIN:
XS2023704468

Common Code:
202370446

FISN:
OP CORPORATE BA/VAREMTN 20200708

CFI code:
DTVXFB

CUSIP:
Not Applicable

Any clearing system(s) other than Euroclear Not Applicable

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 means
in a manner which would allow Eurosystem
that the Instruments are intended upon issue to be
eligibility:
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.

6.
DISTRIBUTION

(i)
If syndicated, names of Managers:
Not Applicable

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

(iii) Date of Subscription Agreement:
Not Applicable

If non-syndicated, name and address of
Commerzbank Aktiengesellschaft

Dealer:
Kaiserstrasse 16 (Kaiserplatz)
60311 Frankfurt am Main, Germany

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