Obligation Teollisuuden Energia Oyj 1.125% ( XS2049419398 ) en EUR

Teollisuuden Energia Oyj

100 % ⇌

Finlande

XS2049419398 ( en EUR )

1.125% par an ( paiement annuel )

09/03/2026 - Obligation échue

Prospectus brochure de l'obligation Teollisuuden Voima Oyj XS2049419398 en EUR 1.125%, échue

Teollisuuden Voima Oyj est une société énergétique finlandaise qui produit de l'électricité à partir de sources nucléaires et hydrauliques, et commercialise de l'énergie.

L'Obligation émise par Teollisuuden Energia Oyj ( Finlande ) , en EUR, avec le code ISIN XS2049419398, paye un coupon de 1.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 09/03/2026

PROHIBITION OF SALES TO EEA 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"). 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 2002/92/EC, 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2003/71/EC (as amended or superseded, the "Prospectus Directive"). 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 has been prepared and therefore offering or selling the Notes 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 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 Directive 2014/65/EU (as amended, "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 manufacturers' 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 manufacturers' target market assessment)
and determining appropriate distribution channels.
Final Terms dated 11 September 2019
TEOLLISUUDEN VOIMA OYJ
Issue of EUR 100,000,000 1.125 per cent. Notes due 9 March 2026 (the "Notes")

(to be consolidated and form a single series with the
EUR 550,000,000 1.125 per cent. Notes due 9 March 2026
issued on 9 September 2019 (the "Original Notes"))

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 27 June 2019 and the supplement to it dated 22 August 2019 which together
constitute a base prospectus (the "Base Prospectus") for the purposes of 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 Base Prospectus. The expression "Prospectus Directive" means
Directive 2003/71/EC (as amended or superseded) and includes any relevant implementing measures in the
Relevant Member State.
Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these
Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on the website of the
Luxembourg Stock Exchange (www.bourse.lu).
1.
(i)
Series Number:
30

(ii)
Tranche Number:
2

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(iii)
Date on which the Notes
The Notes shall be consolidated, form

become fungible:
a single series and be interchangeable for

trading purposes with the Original
Notes on the Issue Date. Exchange of
the Temporary Global Note
representing both the Notes and the
Original Notes for interests in a
Permanent Global Note, as described
in these Final Terms, will occur not earlier
than 40 days from the Issue Date of the
Notes following the expiration of the
distribution compliance period (as defined in
Regulation S)

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

3.
Aggregate Nominal Amount:

(i)
Series:
EUR 650,000,000

(ii)
Tranche:
EUR 100,000,000

4.
Issue Price:
99.444 per cent. of the Aggregate Nominal Amount
plus EUR 12,295.08 representing 4 days' interest
from and including the Interest Commencement Date
to and excluding the Issue Date.
5.
(i)
Specified Denominations:
EUR 100,000 and integral multiples of EUR 1,000 in
excess thereof up to and including EUR 199,000.
Definitive Notes will not be issued in denominations
in excess of EUR 199,000.

(ii)
Calculation Amount:
EUR 1,000

6.
(i)
Issue Date:
13 September 2019

(ii)
Interest Commencement Date:
9 September 2019

7.
Maturity Date:
9 March 2026

8.
Interest Basis:
1.125 per cent. Fixed Rate

(further particulars specified below)

9.
Redemption/Payment Basis:
Subject to any purchase and cancellation, early
redemption, call option or put option, the Notes will
be redeemed on the Maturity Date at par
10.
Change of Interest or Payment Basis:
Not Applicable

11.
Put/Call Options:
Issuer Call

(further particulars specified below)
12.
Date of Board approval for issuance of Not Applicable

Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

13.
Fixed Rate Note Provisions
Applicable

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

(ii)
Interest Payment Date(s):
9 March in each year, commencing on 9 March 2020
(short first coupon) up to and including the Maturity
Date

(iii)
Fixed Coupon Amount:
EUR 11.25 per Calculation Amount

(iv)
Broken Amount(s):
EUR 5.59 per Calculation Amount, payable on the
Interest Payment Date falling on 9 March 2020

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

(vi)
Determination Date(s):
9 March in each year

14.
Floating Rate Note Provisions
Not Applicable

15.
Zero Coupon Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

16.
Call Option
Applicable

(i)
Optional Redemption Date(s):
Any date from and including the Issuer Date to but
excluding the Maturity Date .

(ii)
Optional Redemption Amount(s): In the case of the Optional Redemption Date(s)
falling in the period: (i) from and including the Issue
Date to but excluding 9 December 2025, the Make
Whole Redemption Price; and (ii) from and
including 9 December 2025 to but excluding the
Maturity Date, EUR 1,000 per Calculation Amount.

(iii)
Make Whole Redemption Price:
Make Whole Redemption Amount

(a)
Redemption Margin:
0.300 per cent.

(b)
Reference Bond:
DBR 0.500% due 2 Feb 2026 (DE0001102390)

(c)
Quotation Time:
10:00 a.m. (London time)

(iv)
If redeemable in part:

(a)
Minimum Redemption Amount:
Not Applicable

(b)
Maximum Redemption Amount
Not Applicable

(iv)
Notice period:
Not less than 30 nor more than 60 days prior to
Optional Redemption Date
17.
Put Option
Not Applicable

18.
Final Redemption Amount of each Note
EUR 1,000 per Calculation Amount

Calculation
Agent
responsible
for Not Applicable

calculating the Final Redemption Amount:
19.
Early Redemption Amount
EUR 1,000 per Calculation Amount

Early
Redemption
Amount(s)
per
Calculation
Amount
payable
on
redemption for taxation reasons or on event
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PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(i)
Listing
Luxembourg

(ii)
Admission to trading
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on
the regulated market of the Luxembourg Stock
Exchange with effect from the Issue Date.
The Original Notes have been admitted to trading
on the regulated market of the Luxembourg Stock
Exchange.

(iii)
Estimate of total expenses related
EUR 600

to admission to trading:
2.
RATINGS
The Notes to be issued are expected to be rated:

S&P Global Ratings Europe Limited: BB+

Fitch Ratings Ltd.: BBB
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE/OFFER
Save as discussed in the Base Prospectus, so far as the Issuer is aware, no person involved in the
offer of the Notes has an interest material to the offer.
4.
YIELD

Indication of yield:
1.215 per cent. per annum

DISTRIBUTION

5.
(i)
If syndicated, names of Managers: BNP Paribas

Crédit Agricole Corporate and Investment Bank
Mizuho International plc
Nordea Bank Abp

(ii)
Stabilising Manager(s) (if any):
Nordea Bank Abp

6.
If non-syndicated, name of Dealer:
Not Applicable

7.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

8.
Prohibition of Sales to EEA Retail Applicable

Investors:
9.
OPERATIONAL INFORMATION

ISIN Code:
XS2049419398

Common Code:
204941939

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

Names and addresses of additional Paying Not Applicable

Agent(s) (if any)

Delivery:
Delivery against payment

Intended to be held in a manner which Yes. Note that the designation "yes" simply means
would allow Eurosystem eligibility:
that the Notes are intended upon issue to be
deposited with one of the ICSDs as common

safekeeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra-day 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.

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