FILED PURSUANT TO RULE 433
Nordic Investment Bank
USD 1,500,000,000 4.375% Global Notes due
March 14, 2028 (the
“Notes”)
Final Term Sheet
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Issuer:
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Nordic Investment Bank (“NIB”)
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Anticipated Ratings:
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Aaa by Moody’s Investor Service
AAA by S&P Global Ratings Europe Limited
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Size:
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USD 1,500,000,000 SEC Registered Global
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Coupon:
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4.375% per annum, payable on a semi-annual basis
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Interest Payment Dates:
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March 14 and September 14 in each year, starting on September 14, 2023 up to and including the Maturity Date. |
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Maturity Date:
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Settlement Date:
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Public Offering Price:
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99.911%
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Benchmark:
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Benchmark Yield:
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4.283%
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Managers:
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Bank of Montreal Europe plc, BofA Securities Europe SA, Nomura International plc and RBC Capital Markets, LLC
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Denominations:
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USD 200,000 and integral multiples of USD 1,000 thereafter
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CUSIP / ISIN:
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The Notes are expected to be listed on the Regulated Market of the Luxembourg Stock Exchange.
The following information of Nordic Investment Bank and regarding the securities is available from the SEC’s website and accompanies this free
writing prospectus:
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.
Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by
visiting EDGAR on the SEC’s Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BofA Securities Europe SA at +33 (0)1
8770 0000, Bank of Montreal Europe plc at +353 1 614 7851, Nomura International plc at +44(0) 20 7103 5652 and RBC Capital Markets, LLC at +1 (
866) 375-6829.
MIFID II product governance / eligible counterparties, professional investors and retail investors target market –
Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, professional clients and
retail clients, each as defined in Directive 2014/65/EU (as amended or superseded, “MiFID II”); and (ii) all channels for distribution of the Notes to eligible counterparties, professional investors and retail clients are appropriate. Any person
subsequently offering, selling or recommending the Notes (a “distributor”) should take into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.
UK MiFIR product governance / eligible counterparties, professional investors and retail investors target market –
Solely for the purposes of the manufacturer’s product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, as defined in the FCA
Handbook Conduct of Business Sourcebook (“COBS”), professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”) (“UK MiFIR”), and retail clients, as
defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the EUWA; and (ii) all channels for distribution of the Notes to eligible counterparties, professional investors and retail clients are
appropriate. Any person subsequently offering, selling or recommending the Notes (a “distributor”) should take into consideration the manufacturer's target market assessment; however, a distributor subject to the FCA Handbook Product Intervention
and Product Governance Sourcebook (the “UK MiFIR Product Governance Rules”) is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer’s target market assessment) and
determining appropriate distribution channels.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AFTER THIS MESSAGE ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE
DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
