Obligation Nederlandse Gemeentebank 0.875% ( XS1150813571 ) en GBP

Nederlandse Gemeentebank

100 % ⇌

Pays-Bas

XS1150813571 ( en GBP )

0.875% par an ( paiement annuel )

12/12/2016 - Obligation échue

Prospectus brochure de l'obligation Bank Nederlandse Gemeenten XS1150813571 en GBP 0.875%, échue

1 000 GBP

350 000 000 GBP

Bank Nederlandse Gemeenten (BNG) est une banque publique néerlandaise qui fournit des financements aux municipalités et aux institutions publiques aux Pays-Bas.

L'Obligation émise par Nederlandse Gemeentebank ( Pays-Bas ) , en GBP, avec le code ISIN XS1150813571, paye un coupon de 0.875% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 12/12/2016

EX ECUTI ON V ERSI ON

N .V . BAN K N ED ERLAN D SE GEM EEN TEN
( incorporat ed wit h lim it ed liabilit y under t he
laws of t he Net herlands and having it s
st at ut ory dom icile in The Hague)
Euro 90,000,000,000
Debt I ssuance Program m e
Series No.: 1194
I ssue of GBP 50,000,000 0.875 per cent . Not es 2015 due 12 Decem ber 2016
( t he " N ot e s" )

FI N AL TERM S

The Not es will, when and t o t he ext ent t hat t he Tem porary Global Not e ( as defined
herein) is exchanged for Perm anent Global Not e ( as defined herein) , be consolidat ed and
becom e fungible and form a single Series wit h t he GBP 250,000,000 0.875 per cent .
Not es 2014 due 12 Decem ber 2016 issued by t he I ssuer on 12 Decem ber 2014 as Series
No. 1190

The dat e of t hese Final Term s is 22 January 2015

The Base Prospect us refer red t o below ( as com plet ed by t hese Final Term s) has been
prepar ed on t he basis t hat any offer of Not es in any Mem ber St at e of t he European
Econom ic Area which has im plem ent ed t he Prospect us Direct ive ( each, a " Re le va n t
M e m be r St a t e " ) will be m ade pur suant t o an exem pt ion under t he Prospect us
Direct ive, as im plem ent ed in t hat Relevant Mem ber St at e, from t he requirem ent t o
publish a prospect us for offers of t he Not es. Accordingly any person m aking or
int ending t o m ake an offer of t he Not es m ay only do so in circum st ances in w hich no
obligat ion arises for t he I ssuer or any Dealer t o publish a prospect us pursuant t o
Art icle 3 of t he Prospect us Direct ive or supplem ent a prospect us pursuant t o Art icle
16 of t he Prospect us Direct ive, in each case, in relat ion t o such offer.
Neit her t he I ssuer nor any Dealer has aut horised, nor do t hey aut horise, t he m aking
of any offer of Not es in any ot her circum st ances.
The expr ession " Pr ospe ct u s D ir e ct ive " m eans Direct ive 2003/ 71/ EC ( and
am endm ent s t heret o, including t he 2010 PD Am ending Direct ive, t o t he ext ent
im plem ent ed in t he Relevant Mem ber St at e) , and includes any relevant im plem ent ing
m easure in t he Relevant Mem ber St at e and t he expression " 2 0 1 0 PD Am e n din g
D ir e ct ive " m eans Direct ive 2010/ 73/ EU.
Term s used herein shall be deem ed t o be defined as such for t he purposes of t he
Term s and Condit ions ( " Te r m s a n d Con dit ion s" ) set fort h in page 61 t o page 95 of
t he base pr ospect us dat ed 19 June 2014, as supplem ent ed by t he supplem ent al
prospect us dat ed 25 August 2014 ( t he " Ba se Pr ospe ct u s" ) issued in relat ion t o t he
Euro 90,000,000,000 debt issuance program m e of N.V. Bank Nederlandse Gem eent en
which t oget her const it ut e a base prospect us for t he purposes of t he Prospect us
Direct ive. This docum ent const it ut es t he Final Term s of t he Not es described herein for
t he purposes of Art icle 5.4 of t he Prospect us Direct ive and m ust be read in
conj unct ion wit h t he Base Prospect us. Full inform at ion on t he I ssuer and t he Not es
described herein is only available on t he basis of a com binat ion of t hese Final Term s
and t he Base Prospect us. The Base Prospect us is available for view ing, upon t he oral
or writ t en request of any persons, at t he specified offices of t he Paying Agent . Copies
m ay be obt ained at t he specified offices of t he Paying Agent . A sum m ary of t he Not es
is at t ached t o t hese Final Term s.
These Final Term s do not const it ut e, and m ay not be used for t he pur poses of, an
offer or solicit at ion by anyone in any j urisdict ion in which such offer or solicit at ion is
not aut horised or t o any person t o whom it is unlaw ful t o m ake such offer or
solicit at ion; and no act ion is being t ak en t o perm it an offering of t he Not es or t he
dist ribut ion of t hese Final Term s in any j urisdict ion where such act ion is required.
87441-4-4896-v2.1
- 1 -
UK-0060-A

PART A CON TRACTUAL TERM S
The t erm s of t he Not es are as follows:
1.
I ssuer:
N.V. Bank Nederlandse Gem eent en
2. Series
Num ber:
1194
The Not es will, on t he Exchange Dat e ( as
defined below) , be consolidat ed, becom e
fungible and form a single Series w it h t he
exist ing GBP 250,000,000 0.875 per cent .
Not es 2014 due 12 Decem ber 2016 issued on
12 Decem ber 2014 as Series 1190 ( t he
" Or igin a l N ot e s" )
3.
Specified Currency or
Brit ish Pounds St erling ( "GBP" )
Currencies:
4.
Aggregat e Nom inal Am ount :
GBP 50,000,000
Aft er t he Not es are consolidat ed and becom e
fungible w it h t he Original Not es on t he
Exchange Dat e, t he Aggregat e Nom inal
Am ount of t he Series will be GBP 300,000,000,
consist ing of t he Aggregat e Nom inal Am ount of
t he Not es, being GBP 50,000,000 and t he
Aggregat e Nom inal Am ount of t he Original
Not es being GBP 250,000,000
5.
I ssue Price:
100.199 per cent . of t he Aggregat e Nom inal
Am ount plus 45 days accrued int erest in
respect of t he period from and including t he
I nt erest Com m encem ent Dat e t o but excluding
t he I ssue Dat e
6. ( i) Specified
GBP 1,000
Denom inat ion( s) :

( ii)
Calculat ion Am ount :
GBP 1,000
( iii)
Early
Redem pt ion
GBP 1,000 per Calculat ion Am ount
Am ount :
7.
( i)
I ssue Dat e:
26 January 2015
( ii)
I nt erest
12 Decem ber 2014
Com m encem ent Dat e:
8.
Mat urit y Dat e:
12 Decem ber 2016
9.
I nt erest Basis:
0.875 per cent . Fixed Rat e

( furt her part iculars specified below )
10.
Redem pt ion/ Paym ent Basis:
Redem pt ion at par

( furt her part iculars specified below )
87441-4-4896-v2.1
- 2 -
UK-0060-A

11.
I nvest or Put / I ssuer Call
Not Applicable
Opt ions:
12.
Dat e Board approval for
19 January 2015
issuance of Not es obt ained:
PROV I SI ON S RELATI N G TO I N TEREST ( I F AN Y) PAYABLE
13.
Fix e d Ra t e N ot e Pr ovision s
Applicable

( i)
Fixed Rat e( s) of
0.875 per cent . per annum payable annually
I nt erest :
in arrear
( ii)
I nt erest
Pay m ent
12 Decem ber in each year up t o and including
Dat e( s) :
t he Mat urit y Dat e, subj ect t o adj ust m ent for
paym ent pur poses only in accordance wit h t he
Follow ing Business Day Convent ion wit h
TARGET2 as an Addit ional Business Cent re
( iii)
Fixed
Coupon
GBP 8.75 per Calculat ion Am ount
Am ount ( s) :

( iv)
Broken Am ount ( s) :
Not Applicable

( v)
Day Count Fract ion:
Act ual/ Act ual ( I CMA)

( vi)
Regular Dat e( s) :
12 Decem ber in each year
14.
Floa t in g Ra t e N ot e
Not Applicable
Pr ovision s
15.
Ze r o Cou pon N ot e Pr ovision s
Not Applicable
16.
D u a l Cu r r e ncy I n t e r e st N ot e
Not Applicable

Pr ovision s
17.
Re ve r se Floa t e r I n t e r e st
Not Applicable
N ot e Pr ovision s
18.
St e p- D ow n I n t e r e st N ot e
Not Applicable

Pr ovision s
19.
St e p- Up I n t e r e st N ot e
Not Applicable
Pr ovision s
20.
D u a l Cu r r e ncy Re de m pt ion
Not Applicable

N ot e Pr ovision s
PROV I SI ON S RELATI N G TO RED EM PTI ON
21.
I ssuer Call Opt ion:
Not Applicable

22.
I nvest or Put Opt ion:
Not Applicable

87441-4-4896-v2.1
- 3 -
UK-0060-A

23.
Final Redem pt ion Am ount :
GBP 1,000 per Calculat ion Am ount
24.
Early Redem pt ion Am ount ( s)
GBP 1,000 per Calculat ion Am ount
payable per Calculat ion
Am ount on redem pt ion ( a) for
t axat ion reasons ( Condit ion
6( b) ) or ( b) on t he occurrence
of an event of default
( Condit ion 7) :
GEN ERAL PROV I SI ON S APPLI CABLE TO TH E N OTES
25.
Form of Not es:
Bearer Not es
26.
Tem porary Global Not e
Not Applicable
exchangeable for Definit ive
Not es:
27.
Tem porary Global Not e
Applicable. The Not es w ill init ially be
exchangeable for a Perm anent
represent ed upon issue by a t em porary global
Global Not e:
not e ( t he " Te m por a r y Globa l N ot e " ) in
bearer form wit hout int erest coupons at t ached,
w hich will be exchangeable upon cert ificat ion
as t o non- U.S. beneficial ownership on a dat e
( t he " Ex ch a n ge D a t e " ) not earlier t han 40
days aft er t he I ssue Dat e in accordance wit h
t he t erm s t hereof, for int erest s in a perm anent
global not e ( t he " Pe r m a n e n t Globa l N ot e " ) .
28.
Perm anent Global Not e
Applicable, but only as set out in Condit ion
exchangeable for Definit ive
1( e) , except t hat in each case a Perm anent
Not es:
Global Not e which form s part of a securit ies
deposit ( girodepot ) wit h Euroclear Net herlands
shall only be exchangeable wit hin t he lim it ed
circum st ances as described in t he Net herlands
Securit ies Giro Act ( Wet giraal effect enverkeer)
and such exchange will be m ade in accordance
t herewit h, t he Euroclear Net herlands' t erm s
and condit ions and operat ional docum ent s
29.
Regist ered Not es:
Not Applicable
30.
New Global Not e:
Not Applicable
31.
New Safekeeping St ruct ure:
Not Applicable
32.
Addit ional Financial Cent re( s)
TARGET2, in addit ion t o London
or ot her special provisions
relat ing t o paym ent dat es:
33.
Talons for fut ure Coupons or
Not Applicable
Receipt s t o be at t ached t o
Definit ive Not es ( and dat es on
which such Talons m at ure) :
34.
Det ails relat ing t o I nst allm ent
Not Applicable
87441-4-4896-v2.1
- 4 -
UK-0060-A

Not es:
35. Redenom inat ion:
Not
Applicable
D I STRI BUTI ON
36.
Met hod of dist ribut ion
Non- Syndicat ed

( i)
I f syndicat ed, nam es
Not Applicable
and addr esses of
Dealers:

( ii)
Dat e of Subscript ion
22 January 2015
Agreem ent :
( iii)
St abilizing
Manager( s)
Not Applicable
( if any) :
37.
I f non- syndicat ed, nam e and
Ba r cla ys Ba n k PLC
address of Dealer:
5 The Nort h Colonnade
Canary Wharf
London E14 4BB
Unit ed Kingdom
38.
Tot al com m ission and
Nil
concession:
39. U.S.
Selling
Rest rict ions:
Regulat ion S Cat egory 2; TEFRA D Rules
applicable
40.
Public Offer:
Not Applicable
41.
General Consent :
Not Applicable
42.
Ot her condit ions t o consent :
Not Applicable

87441-4-4896-v2.1
- 5 -
UK-0060-A

PURPOSE OF FI N AL TERM S
These Final Term s com prise t he final t erm s required for issue and public offer in t he
Public Offer Jurisdict ions and adm ission t o t rading on t he Luxem bourg St ock
Exchange of t he Not es described herein pursuant t o t he Euro 90,000,000,000 Debt
I ssuance Program m e of t he I ssuer.
Signed on behalf of N.V. BANK NEDERLANDSE GEMEENTEN:

By: ............................................
Duly aut horised
87441-4-4896-v2.1
- 6 -
UK-0060-A

PART B OTH ER I N FORM ATI ON
1.
LI STI N G

Adm ission t o t rading:
Applicat ion is expect ed t o be m ade by t he
I ssuer ( or on it s behalf) for t he Not es t o
be adm it t ed t o t rading on t he regulat ed
m arket of t he Lux em bourg St ock
Exchange wit h effect from t he I ssue Dat e
2.
RATI N GS

The Not es ar e expect ed t o be rat ed:

St andard & Poor's Credit Market Services Europe
AA+ ( st able out look)
Lim it ed:

Fit ch Rat ings Lim it ed:
AAA ( negat ive out look)

Moody's I nvest ors Service Lim it ed:
Aaa ( negat ive out look)
3.
I N TERESTS OF N ATURAL AN D LEGAL PERSON S I N V OLVED I N TH E
I SSUE/ OFFER

Except for t he com m issions payable t o t he Dealers, described in t he first
paragraph under " Plan of Dist ribut ion" in t he Base Prospect us, so far as t he
I ssuer is aware, no person involved in t he offer of t he Not es has an int erest
m at erial t o t he offer
4
REASON S FOR TH E OFFER, ESTI M ATED N ET PROCEED S AN D TOTAL
EX PEN SES

( i)
Reasons for t he offer:
The net proceeds of t he issue of t he Not es
will be used by t he I ssuer for general
corporat e purposes

( ii)
Est im at ed net proceeds:
GBP 50,153,438.36
( iii)
Est im at ed
t ot al
Not Applicable
expenses:
5.
I N D I CATI ON OF YI ELD ( Fix e d Ra t e N ot e s on ly)

0.767 per cent . per annum

The yield is calculat ed at t he I ssue Dat e on t he basis of t he I ssue Price. I t is
not an indicat ion of fut ure yield
6.
H I STORI C I N TEREST RATES ( Floa t in g Ra t e N ot e s on ly)
Not
Applicable
7.
PERFORM AN CE OF RATES OF EX CH AN GE AN D EX PLAN ATI ON OF
EFFECT ON V ALUE OF I N V ESTM EN T ( D u a l Cu r r e n cy I n t e r e st N ot e s,
D u a l Cu r r e n cy Re de m pt ion N ot e s a n d V a r ia ble I n t e r e st Ra t e N ot e s
87441-4-4896-v2.1
- 7 -
UK-0060-A

on ly)

Not Applicable
8.
OPERATI ON AL I N FORM ATI ON

CUSI P Num ber:
Not Applicable
I SI N
Code:
Unt il t he Not es are consolidat ed, becom e
fungible and form a single Series wit h t he
Original Not es on t he Ex change Dat e,
t hey will have t he t em porary I SI N Code
XS1173934297; aft erwards, t he Not es
w ill have t he sam e I SI N Code as t he
Original Not es, which is XS1150813571

Com m on Code:
Unt il t he Not es are consolidat ed, becom e
fungible and form a single Series wit h t he
Original Not es on t he Ex change Dat e,
t hey will have t he t em porary Com m on
Code 117393429; aft erw ards, t he Not es
w ill have t he sam e Com m on Code as t he
Original Not es, which is 115081357
Valor:
Not
Applicable

Clearing Syst em :
Euroclear. Euroclear's offices are sit uat ed
at 1 Boulevard du Roi Albert I I , B- 1210
Brussels, Belgium
Clearst ream , Luxem bour g. Clearst ream ,
Luxem bourg's offices are sit uat ed at 42
Avenue J.F. Kennedy, 1855 Luxem bourg

Delivery:
Delivery against paym ent

Nam es and addresses of Paying
As set out in t he Base Prospect us
Agent ( s) :

I nt ended t o be held in a m anner
Not Applicable
w hich w ould allow Eurosyst em
eligibilit y:
9.
TERM S AN D CON D I TI ON S OF TH E OFFER
Not
Applicable

10.
RESPON SI BI LI TY

The I ssuer accept s responsibilit y for t he inform at ion cont ained in t hese Final
Term s which, when read t oget her wit h t he Base Prospect us referred t o
above, cont ains all inform at ion t hat is m at erial in t he cont ext of t he issue of
t he Not es.

87441-4-4896-v2.1
- 8 -
UK-0060-A

11.
TH I RD PARTY I N FORM ATI ON
Not
Applicable
87441-4-4896-v2.1
- 9 -
UK-0060-A