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.
Leverage Factor | Stop Loss Barrier1 | Stop Loss Level |
15 | 6,00% | 94,00% |
12 | 7,50% | 92,50% |
10 | 9,00% | 91,00% |
-15 | 6,00% | 106,00% |
-12 | 7,50% | 107,50% |
-10 | 9,00% | 109,00% |
Instruments affected
Instrument | Isin | Instrument | Isin |
BULL DAX X10 NORDNET 2 | SE0013934155 | BULL NQ100 X10 NORDNET | SE0009861206 |
BULL DAX X12 NORDNET 3 | SE0013934163 | BULL NQ100 X12 NORDNET | SE0009861834 |
BULL DAX X15 NORDNET 4 | SE0013931706 | BULL OLJA X10 NORDNET 11 | SE0013931797 |
BULL DAX X15 NORDNET 5 | SE0013931623 | BULL OMXS30 X10 NORDNET 4 | SE0013934510 |
BULL GULD X10 N | SE0011171370 | BULL OMXS30 X10 NORDNET 5 | SE0013934197 |
BULL GULD X10 NORDNET | SE0009861453 | BULL OMXS30 X12 NORDNET 6 | SE0013934205 |
BULL GULD X10 NORDNET 1 | SE0013934221 | BULL OMXS30 X15 NORDNET 6 | SE0013934213 |
BULL GULD X12 N | SE0011171362 | BULL OMXS30 X15 NORDNET 7 | SE0013931649 |
BULL GULD X12 NORDNET | SE0009861461 | BULL SILVER X10 NORDNET 4 | SE0013934296 |
BULL GULD X12 NORDNET 1 | SE0013934239 | BULL SILVER X12 NORDNET 4 | SE0013934304 |
BULL KOPPAR X10 NORDNET | SE0010358812 | BULL SILVER X15S NORDNET 3 | SE0013930880 |
BULL KOPPAR X10 NORDNET 1 | SE0010358861 | BULL SP500 X10 N | SE0011171792 |
BULL KPR X10 N | SE0010627935 | BULL SP500 X10 NORDNET | SE0009861149 |
BULL KPR X10 N1 | SE0010627984 | BULL SPX X10 NORDNET 1 | SE0013250693 |
BULL NDX X10 NORDNET 1 | SE0013250776 | BULL SPX X10 NORDNET 2 | SE0013934064 |
BULL NDX X10 NORDNET 2 | SE0013934023 | BULL SPX X12 NORDNET 3 | SE0013931763 |
BULL NDX X12 NORDNET 1 | SE0013250792 | BULL SPX X15 NORDNET 3 | SE0013931771 |
BULL NDX X12 NORDNET 2 | SE0013934031 | BULL SX5E X10 NORDNET 2 | SE0013934098 |
BULL NDX X15 NORDNET 3 | SE0013931755 | BULL SX5E X12 NORDNET 2 | SE0013934106 |
BULL NQ100 X10 N | SE0012567477 | BULL SX5E X15 NORDNET 3 | SE0013931714 |
1 [1] Indicative levels, please see the final terms for the specific level applicable to a certificate.
Attachment
© 2020 GlobeNewswire, Inc. All Rights Reserved.