Obligation OP Yrityskassi Oyj 0.756% ( XS2079312174 ) en SEK

OP Yrityskassi Oyj

100 % ⇌

Finlande

XS2079312174 ( en SEK )

0.756% par an ( paiement trimestriel )

17/05/2022 - Obligation échue

Prospectus brochure de l'obligation OP Yrityspankki Oyj XS2079312174 en SEK 0.756%, échue

2 000 000 SEK

2 600 000 000 SEK

OP Yrityspankki Oyj est une banque finlandaise offrant des services financiers aux entreprises, incluant des solutions de financement, de gestion de trésorerie et de marchés de capitaux.

L'Obligation émise par OP Yrityskassi Oyj ( Finlande ) , en SEK, avec le code ISIN XS2079312174, paye un coupon de 0.756% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 17/05/2022

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 14 November 2019
OP Corporate Bank plc
(Incorporated in Finland with limited liability)
(the "Bank" or the "Issuer")
Legal Entity Identifier: 549300NQ588N7RWKBP98
Issue of SEK 2,600,000,000 Floating Rate Instruments due May 2022
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, 9 May 2019, 1 August 2019 and 31 October 2019 which together
constitute a base prospectus (the "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(as amended or superseded) (the "Prospectus Directive").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. 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.
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:
243

(ii)
Tranche Number:
1
248073-4-30977-v3.0
- 1 -
70-40734045

(iii)
Date on which the
Not Applicable
Instruments become
fungible:
3.
Specified Currency or Currencies:
Swedish krona ("SEK")
4.
Aggregate Nominal Amount of

Instruments:

(i)
Series:
SEK 2,600,000,000

(ii)
Tranche:
SEK 2,600,000,000
5.
Issue Price:
101.010 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations:
SEK 2,000,000 and integral multiples of SEK
1,000,000 in excess thereof

(ii)
Calculation Amount:
SEK 1,000,000
7.
(i)
Issue Date:
18 November 2019

(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
Interest Payment Date falling in or nearest to
May 2022
9.
Interest Basis:
3 month STIBOR + 0.75 per cent. Floating
Rate
Condition 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
Applicable
Instruments Waiver of Set-
Off:
14.
Date Board approval for issuance
Not Applicable
of Instruments obtained:
15.
Method of distribution:
Syndicated
248073-4-30977-v3.0
- 2 -
70-40734045

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Instrument Provisions Not Applicable
17.
Resettable Instrument Provisions Not Applicable
18.
Floating Rate Instrument
Applicable
Provisions

(i)
Interest Period(s):
Quarterly
(ii)
Specified Interest Payment
18 February, 18 May, 18 August and 18
Dates:
November in each year from and including the
First Interest Payment Date, up to and
including the Maturity Date, subject in each
case to adjustment in accordance with the
Business Day Convention
(iii)
First Interest Payment
18 February 2020
Date:
(iv)
Business Day Convention:
Modified Following Business Day
Convention
(v)
Business Centre(s):
TARGET2, in addition to Stockholm
(vi)
Manner in which the Rate(s) Screen Rate Determination
of Interest is/are to be
determined:
(vii)
Party responsible for
Not Applicable
calculating the Rate(s) of
Interest and/or Interest
Amount(s) (if not the Fiscal
Agent):

(viii) Screen Rate Determination:

· Reference Rate:
3 month STIBOR (or any successor or
replacement rate)

· Relevant Time:
11:00 a.m. Stockholm time

· Interest Determination
The second Stockholm Business Day prior to
Date(s):
the first day of each Interest Period

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

· Observation Look-back Not Applicable
Period:
248073-4-30977-v3.0
- 3 -
70-40734045

· Suspension Period:
Not Applicable

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

(x)
Linear Interpolation:
Not Applicable

(xi)
Margin(s):
+ 0.75 per cent. per annum

(xii)
Minimum Rate of Interest:
0 per cent. per annum

(xiii) Maximum Rate of Interest:
Not Applicable

(xiv) Day Count Fraction:
Actual/360
19.
Zero Coupon Instrument
Not Applicable
Provisions
PROVISIONS RELATING TO REDEMPTION
20.
Call Option
Not Applicable
21.
Put Option
Not Applicable
22.
Final Redemption Amount
SEK 1,000,000 per Calculation Amount
23.
Early Redemption Amount

Early Redemption Amount(s) per
SEK 1,000,000 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):

248073-4-30977-v3.0
- 4 -
70-40734045

27.
Financial Centre(s) or other special
TARGET2, in addition to Stockholm
provisions relating to payment
dates:
28.
Talons for future Coupons or
No
Receipts to be attached to
Definitive Instruments (and dates
on which such Talons mature):
29.
Redenomination, renominalisation
Not Applicable
and reconventioning provisions
(Condition 16):
30.
Substitution or variation (Condition
9):

Substitution or variation following
Not Applicable
a Capital Event:

Substitution or variation following
Not Applicable
an 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
248073-4-30977-v3.0
- 5 -
70-40734045

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 the
Issue Date

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 (Nordics) AB: Aa3 (stable outlook)
3.
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
4.
OPERATIONAL INFORMATION

ISIN:
XS2079312174

Common Code:
207931217

FISN:
OP CORPORATE BA/VAREMTN 20220518,
as updated, as set out on the website of the
Association of National Numbering Agencies
(ANNA) or alternatively sourced from the
responsible National Numbering Agency that
assigned the ISIN

CFI code:
DTVNFB, as updated, as set out on 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):
248073-4-30977-v3.0
- 6 -
70-40734045

Delivery:
Delivery against payment

Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):

New Global Instrument intended to
No. Whilst the designation is specified as "no"
be held in a manner which would
at the date of these Final Terms, should the
allow Eurosystem eligibility:
Eurosystem eligibility criteria be amended in
the future such that the Instruments are capable
of meeting them the Instruments may then be
deposited with one of the ICSDs as common
safekeeper. Note that this does not necessarily
mean that the Instruments 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
7.
DISTRIBUTION

(i) If syndicated, names of
Joint Lead Managers:
Managers:
J.P. Morgan Securities plc
OP Corporate Bank plc
Swedbank AB (publ)

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

(iii) Date of Subscription
14 November 2019
Agreement:

If non-syndicated, name and address Not Applicable
of Dealer:

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

248073-4-30977-v3.0
- 7 -
70-40734045