SLIDE 4 Senior Non-Preferred Notes - summary of terms1
4 Terms Details Issuer Nordea Bank AB (publ) Notes € [l]m Senior Non-Preferred Notes Expected rating of the notes2 AA- (Fitch), A (S&P), Baa1 (Moody’s) Status Unsecured obligations of the Issuer ranking pari passu among themselves. Subordinated to depositors and other unsecured, unsubordinated creditors not ranking or expressed to rank pari passu with SNP. Senior to Junior Securities. (Contractual ranking at issuance, intended to be aligned with Credit Hierarchy Directive once implemented in the Relevant Jurisdiction). Interest [l ]% per annum, Fixed Interest, payable annually Early redemption Callable on a Withholding Tax Event, Tax Event or MREL/TLAC Disqualification Event at the Outstanding Principal Amount with accrued interest (if any), subject to permission of the Competent and/or Resolution Authority (if required) Substitution & variation Following Withholding Tax Event, Tax Event, MREL/TLAC Disqualification Event, Alignment Event, Redomicilation Event or to ensure the effectiveness or enforceability of bail-in, possibility to substitute or modify the terms of the Notes, without any requirement for the consent or approval of the Holders, so that the Notes become or remain Qualifying Securities, subject to certain conditions Statutory loss absorption Contractual acknowledgment of Bail-in and Loss Absorption Powers Listing / Denominations Application will be made for the Notes to be listed on the Irish Stock Exchange’s regulated market / EUR 100,000 and integral multiples of EUR 1,000 in excess thereof Governing law English law, except that the provisions relating to status and subordination and all non-contractual obligations arising out of or in connection with such matters are governed by, and shall be construed in accordance with, the laws of the Relevant Jurisdiction Target market MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared. The Notes will not be available to retail in the EEA Documentation The Issuer’s EUR 50,000,000,000 EMTN Programme, with Base Prospectus dated 4 May 2018
1. Please refer to the EMTN Base Prospectus for the full Terms & Conditions. Capitalised terms used in this summary and not otherwise defined in this presentation shall have the meanings ascribed to them in the Terms and Conditions of the Notes included in the EMTN Base Prospectus. https://www.nordea.com/en/investor-relations/debt-and- rating/Prospectuses/compliance/emtn-programme.html 2. A credit rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the relevant rating organisation.
