Obligation NatWest Markets Ltd 3.71% ( XS2155820272 ) en NOK

NatWest Markets Ltd

100 % ⇌

Royaume-uni

XS2155820272 ( en NOK )

3.71% par an ( paiement annuel )

14/04/2025 - Obligation échue

Prospectus brochure de l'obligation Natwest Markets Plc XS2155820272 en NOK 3.71%, échue

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NatWest Markets plc est la division de marchés de gros de NatWest Group, offrant des services de banque d'investissement, de négociation et de gestion des risques à une clientèle institutionnelle mondiale.

Une obligation d'intérêt nominatif (ISIN: XS2155820272) émise par Natwest Markets Plc, la branche de banque d'investissement du NatWest Group basé au Royaume-Uni, a récemment achevé son cycle de vie financier, étant arrivée à maturité et entièrement remboursée à sa date d'échéance du 14 avril 2025 ; cette émission, libellée en Couronnes norvégiennes (NOK), affichait un taux d'intérêt annuel de 3,71%, avec une fréquence de paiement annuelle, et avait atteint une valorisation de 100% sur le marché au moment de sa clôture et de son remboursement intégral.

Final Terms dated 9 April 2020
NatWest Markets Plc
Legal entity identifier (LEI): RR3QWICWWIPCS8A4S074
Issue of NOK 300,000,000 3.71 per cent Notes due 14 April 2025
under the £10,000,000,000
Euro Medium Term Note Programme
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.

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 21 November 2019 and the supplemental Prospectuses dated 2 December
2019, 19 December 2019 and 17 February 2020 which together constitute a base prospectus for the
purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitute the
Final Terms of the Notes described herein for the purposes of the Prospectus Regulation and must be read
in conjunction with such Prospectus as so supplemented in order to obtain all relevant information. 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 Prospectus. The Prospectus and the supplemental Prospectuses are available for
viewing at:
http://www.rns-pdf.londonstockexchange.com/rns/2881U_1-2019-11-21.pdf;
http://www.rns-pdf.londonstockexchange.com/rns/3815V_1-2019-12-2.pdf
http://www.rns-pdf.londonstockexchange.com/rns/5679X_1-2019-12-19.pdf; and
http://www.rns-pdf.londonstockexchange.com/rns/2401D_1-2020-2-17.pdf

1
Issuer:
NatWest Markets Plc

2
(i)
Series Number:
53

(ii)
Tranche Number:
1

(iii) Date on which the Notes will be
Not Applicable

consolidated and form a single
Series:
3
Specified Currency or Currencies:
Norwegian Krone (NOK)

4
Aggregate Nominal Amount:

(i)
Series:
NOK 300,000,000

(ii) Tranche:
NOK 300,000,000

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

6
(i) Specified Denominations:
NOK 2,000,000

(ii) Calculation Amount:
NOK 2,000,000

7
(i)
Issue Date:
14 April 2020

(ii)
Interest Commencement Date:
14 April 2020

8
Maturity Date:
14 April 2025

9
Interest Basis:
3.71 per cent. Fixed Rate

10

Redemption/Payment Basis:
Subject to any purchase and cancellation or early

redemption, the Notes will be redeemed on the

Maturity Date at 100.00 per cent. of their nominal
amount

11 Change of Interest Basis:
Not Applicable
12 Put/Call Options:
Not Applicable
13 Date Board approval for issuance of
Not Applicable
Notes obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14 Fixed Rate Note Provisions:
Applicable

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

Interest Payment Date

(ii)
Interest Payment Dates:
14 April in each year from and including 14 April

2021 up to and including the Maturity Date

(iii)
Fixed Coupon Amount:
Not Applicable

(iv)
Broken Amount(s):
Not Applicable

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

(vi)
Determination Dates:
14 April in each year

(vii)
Business Day Convention:
Not Applicable

(viii)
Business Centre(s):
TARGET

15 Reset Note Provisions:
Not Applicable

16 Floating Rate Note Provisions:
Not Applicable

17 Zero Coupon Note Provisions:
Not Applicable

PROVISIONS RELATING TO REDEMPTION
18 Notice periods for Condition:
Minimum period: 5 days

Maximum period: 30 days

19 Issuer Call:
Not Applicable

20 Investor Put:
Not Applicable

21 Final Redemption Amount:
NOK 2,000,000 per Calculation Amount

22 Early Redemption Amount payable on
NOK 2,000,000 per Calculation Amount

redemption (a) for taxation reasons or
(b) on an event of default:

GENERAL PROVISIONS APPLICABLE TO THE NOTES
23 Form of Notes:

(i) Form:
Bearer Notes:

Temporary Global Note exchangeable for a Permanent

Global Note which is exchangeable for Definitive
Notes only upon the occurrence of an Exchange Event

(ii) NGN:
Yes

(iii) CMU Notes:
No

24 Additional Financial Centre(s):
London and TARGET

25 Talons for future Coupons to be
No

attached to Definitive Notes (and dates
on which such Talons mature):
26 Whether TEFRA D/TEFRA C rules
TEFRA D

applicable or TEFRA rules not
applicable:
27 Relevant Benchmark:
Not Applicable

Signed on behalf of NatWest Markets Plc:

By: ...........................................................

Duly authorised

PART B OTHER INFORMATION
1
LISTING

(i)
Admission to trading:
Application has been made by the Issuer (or on its

behalf) for the Notes to be admitted to trading on
the London Stock Exchange's regulated market
with effect from 14 April 2020

(ii)
Estimate of total expenses relating to GBP 395

admission to trading:
2
RATINGS

Ratings:
The Notes to be issued are expected to be rated:

S&P Global Ratings Europe Limited: A-
Moody's Investors Service Limited: Baa2
Fitch Ratings Limited: A

3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the

offer of the Notes has an interest material to the offer.
4
REASONS FOR THE OFFER AND ESTIMATED NET AMOUNT OF PROCEEDS

Reasons for the offer:
See "Use of Proceeds" in the Prospectus.

Estimated net proceeds:
NOK 299,550,000

5
YIELD

Indication of yield:
3.71 per cent. per annum

The yield is calculated at the Issue Date on the

basis of the Issue Price. It is not an indication of
future yield.
6
OPERATIONAL INFORMATION

(i) ISIN:
XS2155820272

(ii) Common Code:
215582027

(iii) CMU Instrument Number:
Not Applicable

(iv)

Clearing System:
Euroclear Bank SA/NV and Clearstream Banking
S.A.

(v) Any clearing system(s) other than Not Applicable

Euroclear Bank SA/NV and Clearstream
Banking
S.A.
and
the
relevant
identification number(s):

(vi) Delivery:
Delivery free of payment

(vii) Names and addresses of additional Paying Not Applicable

Agent(s) (if any):

(viii) Intended to be held in a manner which No

would allow Eurosystem eligibility:
Whilst the designation is specified as "no" at the

date of these Final Terms, should the Eurosystem
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 European
Central Bank being satisfied that Eurosystem
eligibility criteria have been met.

(ix) Prohibition of Sales to EEA Retail Not Applicable

Investors: