Changes for Nordea issued certificates with leverage X15 to X10

Due to increased market risk and volatility, Nordea Bank Abp as an issuer of bull and bear certificates has decided to stop quoting ask prices for certificates with leverage X10 to X15 and only quote bid prices in Buy Back (BB). Nordea will issue certificates with a so called “soft knock” / “stop loss buffer” feature in order to offer similar instruments as the existing ones.

The new certificates to be issued will have a “soft knock” / “stop loss buffer” feature that works as a safety buffer for volatile movements. If the stop loss level is reached, Nordea will stop quoting the instrument, unwind the hedge and delist the instrument the following day. Any residual value from the unwinding of the hedge, which can be between zero and the value represented by the buffer, will be paid back to the investor. Please note that Nordea issued certificates do not rebalance intraday or at knock. For further information and examples, please see the brochure for bull and bear certificates available on Nordea’s web site.

The development in a bull or bear certificate is always calculated based on yesterday’s reference price for the underlying asset. That reference price is typically the closing price of the underlying asset or the reference price at a specific point in time. In the final terms for each instrument you will find the applicable valuation time for the relevant underlying asset.

Instruments affected

¹ [1] Indicative levels, please see the final terms for the specific level applicable to a certificate.

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