Source - RNS
RNS Number : 8498M
Nordea Bank Finland PLC
18 October 2016
 

NORDEA BANK FINLAND Plc

 

 

Issue of USD denominated Equity Linked Notes due 16 March 2021

(Series B293)

 (the "Notes")

 

ISIN: XS1377459257

 

 

Issued pursuant to the Structured Note Programme
________________________________________

 

EXTRAORDINARY EVENT

 

On October 5, 2016 Alcoa Inc. announced that it had completed the previously announced reverse stock split of Alcoa Inc. common stock at a ratio of 1 to 3 and a reduction in the number of shares of its common stock from 1,800,000,000 shares to 600,000,000 shares. The reverse stock split and the share reduction were approved by Alcoa shareholders at a special shareholder meeting earlier that day. Alcoa Inc. common stock began trading on a split-adjusted basis on the New York Stock Exchange under the symbol "AA" on October 6, 2016.

 

In the Issuer's opinion, the reverse stock split constitutes an Extraordinary Event pursuant to terms and conditions of the Notes set forth in the Base Prospectus dated 18 December 2015, as supplemented, and the Final Terms dated 7 March 2016.

 

Upon the occurrence of an Extraordinary Event the Issuer is entitled to make such adjustments in the calculation of the Redemption Amount, Interest Amount and/or compilation of Reference Assets, or to replace the Affected Reference Asset with a Replacement Reference Asset which the Issuer thereby deems necessary in order to achieve a calculation of the Redemption Amount which reflects, and is based on, the manner in which such was previously calculated.

 

As a consequence of the reverse stock split the Issuer has decided to adjust the Initial Price to 29.22

For further information regarding the adjustment of the affected reference asset reference is made to the Base Prospectus.

Dated 18 October 2016

NORDEA BANK FINLAND Plc

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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