Reoffer: 7yr: MS+52bp / 99.592 / 3.191%
Benchmark: 7yr: DBR 2.5 Nov-32 (@99.44) + 60.3bps, HR 101%
Final Books in excess of €2.1bn. Peak book > €2.75bn (pre-reconciliation)
Launched: 7yr: €750m @ MS+52bp - Books > €2.75bn (pre-reconciliation)
IPTs: 7yr: MS+80a
Issuer: Nordea Bank Abp (Ticker: NDAFH)
LEI: 529900ODI3047E2LIV03
Issuer Ratings: Aa2/AA-/AA- (Moody's/S&P/Fitch)
Expected Issue Ratings: Aa2/AA-/AA (Moody's/S&P/Fitch)
Status of the Notes: Senior Preferred Notes constituting direct, unsecured, unguaranteed and unsubordinated obligations of the Issuer
Waiver of set-off: No Holder of the Notes shall be entitled to exercise any right of set-off, netting or counterclaim against moneys owed by the Issuer in respect of such Notes
Issue Size: €750m
Pricing Date: 29-Jan-26
Settlement Date: 4-Feb-26 (T+4)
Maturity Date: 4-Feb-33 (7 year)
Reoffer: Sprd MS+52bps / Yld 3.191% / Px 99.592
Coupon: 3.125% Fixed, Annual, payable in arrear
Benchmark: DBR 2.5 Nov-32 (@99.44) + 60.3bps, HR 101%
Day Count Fraction / Business Day Convention: Act/Act (ICMA) / Following, unadjusted
Business Days: T2, London
Clean-up Call Option: Applicable, if the Outstanding Principal Amount of the Notes is 25% or less of the nominal amount originally issued
Early redemption: The Issuer may, at its option, redeem the Notes in whole but not in part as a result of a Tax Event, a Withholding Tax Event and an MREL Disqualification Event at their Outstanding Principal Amount
Substitution and variation: Condition 17 (Substitution and Variation) applies
Events of Default: Restricted Events of Default
Documentation: Issuer’s Euro Medium Term Note Programme dated 12-May-25
Denominations: €100k + €1k
Form: Bearer Notes; NGN
Governing law: Finnish Law
Acknowledgement of Bail-in and Loss Absorption Powers: Condition 19 (Acknowledgement of Bail-in and Loss Absorption Powers) applies
Listing: Euronext Dublin (regulated)
ISIN: XS3286679835
Joint Bookrunners: BNP Paribas, LBBW, Natixis (B&D), Nordea, UBS
Use of Proceeds: General banking and other corporate purposes of the Nordea Group
Target Market: Manufacturer target market (EU MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs or UK PRIIPs key information document (KID) has been prepared as Notes are not deemed in scope and are not available to retail in EEA or in the UK
Fees: The joint bookrunners will be paid a fee in connection with the transaction
Selling Restrictions: As per the Issuer’s Euro Medium Term Note Programme. Reg S Cat 2, TEFRA D
Advertisement: The Base Prospectus is available at https://www.nordea.com/en/investor-relations/debt-and-rating/Prospectuses/nordea-bank-abp-base-prospectus and the Final Terms, when published, will be available https://www.ise.ie/
Timing: PRICED, TOE 13:55 UKT, FTT 14:15 UKT