Obbligazione Volva 2.26% ( XS2149423647 ) in SEK

Volva

100 SEK ⇌

Svezia

XS2149423647 ( in SEK )

2.26% per anno ( pagato 1 volta l'anno)

03/04/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Volvo XS2149423647 in SEK 2.26%, scaduta

2 000 000 SEK

2 600 000 000 SEK

Volvo è un'azienda automobilistica svedese nota per la produzione di veicoli sicuri, affidabili e di lusso, con una crescente attenzione alla sostenibilità e all'elettrificazione.

L'obbligazione Volvo con codice ISIN XS2149423647, emessa in Svezia in SEK per un totale di 2.600.000.000, con cedola del 2,26%, scadenza il 03/04/2023, taglio minimo di 2.000.000 e frequenza di pagamento annuale, è giunta a scadenza ed è stata rimborsata al 100%.

FINAL TERMS

PROHIBITION OF SALES TO EEA and UK RETAIL INVESTORS -The Notes 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
("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 ("MiFID II"); or (ii) a customer within
the meaning of Directive 2002/92/EC (as amended or superseded), where that customer would not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 Directive (as defined below). Consequently no key information
document required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering or selling
the Notes or otherwise making them available to retail investors in the EEA or in the UK has been
prepared and therefore offering or selling the Notes 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 the 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 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 manufacturer's 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 manufacturer's target market
assessment) and determining appropriate distribution channels. For the avoidance of doubt, neither the
Issuer nor the Parent is a manufacturer for the purposes of the MiFID Product Governance Rules.

29 April 2020
VOLVO TREASURY AB (publ) (the "Issuer")
Legal Entity Identifier (LEI): 549300PD69T87IGZG395
Issue of SEK 600,000,000 Fixed Rate Notes due 3 April 2023
(to be consolidated and form a single Series with the existing SEK 2,000,000,000 Fixed Rate
Notes due 3 April 2023, issued 3 April 2020)
guaranteed by AB Volvo (publ)
(the "Guarantor") issued pursuant to the U.S.$15,000,000,000 Euro Medium Term Note
Programme
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 8 May 2019 (the "Prospectus") and the supplements to the Prospectus
dated 30 July 2019, 3 September 2019, 24 October 2019, 31 January 2020, 27 February 2020, 19 March
2020, 27 March 2020 and 24 April 2020 (the "Supplements") which together constitute a base
prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) as amended or
superseded (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes
described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in
conjunction with the Prospectus and the Supplements. Full information on the Issuer, the Guarantor and
the offer of the Notes is only available on the basis of the combination of these Final Terms and the
Prospectus and the Supplements. The Prospectus and the Supplements have been published on the
websites of the Luxembourg Stock Exchange (www.bourse.lu) and the Volvo Group
(www.volvogroup.com) and are available for viewing at, and copies may be obtained from, the

registered office of the Issuer and from the specified offices of the Paying Agents in London and
Luxembourg.

1.
(i)
Series Number:
411
(ii)
Tranche Number:
2
(iii)
Date on which the Notes will The Notes will be consolidated and form a single
be consolidated and form a Series with the existing SEK 2,000,000,000 Fixed
single Series:
Rate Notes due 3 April 2023, issued on 3 April 2020
(the "Tranche 1 Notes") on exchange of the
Temporary Global Note for interests in the
Permanent Global Note, as referred to in paragraph
22 below, which is expected to occur on or about 15
June 2020.
2.
Specified Currency or Currencies:
Swedish Kronor ("SEK")
3.
Aggregate Nominal Amount:

(i)
Series:
SEK 2,600,000,000
(ii)
Tranche:
SEK 600,000,000
4.
Issue Price:
100.741 per cent. of the Aggregate Nominal Amount
plus accrued interest amounting to SEK 1,167,666
from and including 3 April 2020 to but excluding the
Issue Date
5.
(i)
Specified Denomination(s):
SEK 2,000,000 and integral multiples of SEK
1,000,000 in excess thereof up to and including SEK
3,000,000. (Note: no notes in definitive form to be
issued with a denomination above SEK 3,000,000).

(ii)
Calculation Amount:
SEK 1,000,000
6.
(i)
Issue Date:
4 May 2020
(ii)
Interest Commencement
3 April 2020
Date:
7.
Maturity Date:
3 April 2023
8.
Interest Basis:
2.26 per cent. Fixed Rate

9.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
10.
Change of Interest Basis:
Not Applicable
11.
Put/Call Options:
Not Applicable

Provisions Relating to Interest (if any) Payable
12.
Fixed Rate Note Provisions
Applicable

(i)
Rate(s) of Interest:
2.26 per cent. per annum payable in arrear on each
Interest Payment Date
(ii)
Interest Payment Date(s):
3 April in each year, from and including 3 April
2021, up to and including the Maturity Date
(iii)
Fixed Coupon Amount(s):
SEK 22,600 per Calculation Amount
(iv)
Broken Amount(s):
Not Applicable
(v)
Additional Business
Not Applicable
Centre(s):
(vi)
Day Count Fraction:
30/360
(vii)
Determination Date(s):
Not Applicable
13.
Floating Rate Note Provisions
Not Applicable

14.
Zero Coupon Note Provisions
Not Applicable

Provisions Relating to Redemption
15.
Issuer Call:
Not Applicable

16.
Make-whole Redemption by the Not Applicable
Issuer:

17.
Clean-up Call:
Not Applicable
18.
Residual Maturity Call:
Not Applicable

19.
Investor Put:
Not Applicable

20.
Final Redemption Amount:
Subject to any purchase or cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at SEK 1,000,000 per Calculation
Amount
21.
Early Redemption Amount payable SEK 1,000,000 per Calculation Amount
on redemption for taxation reasons or
on event of default:
General Provisions Applicable to the

Notes
22.
Form of Notes:

(a)
Form of Notes:
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes only upon an Exchange Event
(b)
New Global Note:
No

23.
Additional Financial Centre(s):
Not Applicable
24.
Talons for future Coupons to be No
attached to Definitive Notes:

Signed on behalf of the Issuer:
By:
_________________________________
Duly authorised

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing and admission to Application has been made by the Issuer (or on its
trading:
behalf) for the Notes to be listed on the Official List
of the Luxembourg Stock Exchange and admitted to
trading on the Luxembourg Stock Exchange's
regulated market, Bourse de Luxembourg, with effect
from or about the Issue Date.
The Tranche 1 Notes were so listed and admitted to
trading on 3 April 2020.

(ii)
Estimate of total expenses EUR 600
related to admission to
trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated A3 by
Moody's Investors Service (Nordics) AB
("Moody's") and A- by S&P Global Ratings Europe
Limited ("S&P")

Each of Moody's and S&P is established in the
European Union and is registered under Regulation
(EC) No. 1060/2009 (as amended). As such each of
Moody's and S&P is included in the list of credit
rating agencies published by the European Securities
and Markets Authority on its website in accordance
with such Regulation.

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the
issue of the Notes has an interest material to the offer. The Dealer and its affiliates have engaged,
and may in the future engage, in investment banking and/or commercial banking transactions
with, and may perform other services for, the Issuer and the Guarantor and their affiliates in the
ordinary course of business.
4.
BENCHMARKS REGULATION - FLOATING RATE NOTES CALCULATED BY
REFERENCE TO A BENCHMARK ONLY
Not Applicable

5.
YIELD
1.995 per cent. p.a.
6.
DISTRIBUTION
(i)
If syndicated, names of Not Applicable
Managers:

(ii)
Date
of
Subscription Not Applicable
Agreement:
(iii)
Stabilisation Manager(s) (if Not Applicable
any):
(iv)
If non-syndicated, name and Nordea Bank Abp, Satamaradankatu 5, 00020
address of relevant Dealer:
Nordea, Helsinki, Finland
(v)
TEFRA:
TEFRA D
7.
OPERATIONAL INFORMATION
(i)
ISIN Code:
Temporary ISIN Code: XS2167611628
Permanent ISIN Code applicable on consolidation
with the Tranche 1 Notes: XS2149423647
(ii)
Common Code:
Temporary Common Code: 216761162
Permanent
Common
Code
applicable
on
consolidation with the Tranche 1 Notes: 214942364
(iii)
CFI:
DTFNFB
(iv)
FISN:
VOLVO TREASURY/2.2599EMTN 20230403

(v)
Any clearing system(s) other Not Applicable
than Euroclear Bank SA/NV
and Clearstream Banking
S.A.
and
the
relevant
identification number(s):
(vi)
Delivery:
Delivery against payment
(vii)
Names and addresses of Not Applicable
additional Paying Agent(s)
(if any):
(viii) Intended to be held in a No. Whilst the designation is specified as "no" at the
manner which would allow date of these Final Terms, should the Eurosystem
Eurosystem eligibility:
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 ECB being satisfied that Eurosystem eligibility
criteria have been met.

8.
THIRD PARTY INFORMATION
Not Applicable