Bond AB Sagax 1.125% ( XS2112816934 ) in EUR

AB Sagax

100 % ▲

Sweden

XS2112816934 ( in EUR )

1.125% per year ( payment 1 time a year)

29/01/2027

Prospectus brochure of the bond AB Sagax XS2112816934 en EUR 1.125%, maturity 29/01/2027

100 000 EUR

300 000 000 EUR

30/01/2025 ( In 23 days )

The Bond issued by AB Sagax ( Sweden ) , in EUR, with the ISIN code XS2112816934, pays a coupon of 1.125% per year.
The coupons are paid 1 time per year and the Bond maturity is 29/01/2027

EXECUTION VERSION

FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the European Economic Area (EEA). For these purposes, a retail investor means a person who is
one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as
amended, MiFID II); (ii) a customer within the meaning of Directive 2002/92/EC (as amended or
superseded, the Insurance Mediation Directive), where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in
Directive 2003/71/EC (as amended or superseded, the Prospectus Directive). Consequently no key
information document required by Regulation (EU) No 1286/2014 (the PRIIPs Regulation) for offering or
selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and
therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA
may be unlawful under the PRIIPs Regulation.
MiFID II product governance / Professional investors and ECPs only 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 and
professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to
eligible counterparties and professional 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.
Singapore Securities and Futures Act Product Classification Solely for the purposes of its obligations
pursuant to sections 309B(1)(a) and 309B(1)(c) of the Securities and Futures Act (Chapter 289 of Singapore)
(the SFA), the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A of
the SFA) that the Notes are "prescribed capital markets products" (as defined in the Securities and Futures
(Capital Markets Products) Regulations 2018).
28 January 2020
AB Sagax (publ)
Legal Entity Identifier (LEI): 549300LJX28T6OM8DT95
Issue of EUR300,000,000 1.125 per cent. Notes due 30 January 2027
under the 1,500,000,000
Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the Conditions)
set forth in the Base Prospectus dated 5 July 2019 and the supplement to it dated 27 January 2020 which
together constitute a base prospectus for the purposes of the Prospectus Directive (the Base Prospectus).
This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of
the Prospectus Directive and must be read in conjunction with the Base Prospectus. Full information on the
Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and
the Base Prospectus. The Base Prospectus has been published on website of the Irish Stock Exchange plc
trading as Euronext Dublin (Euronext Dublin) at www.ise.ie.

1.
Issuer:
AB Sagax (publ)
2.
(a)
Series Number:
5
(b)
Tranche Number:
1
(c)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(a)
Series:
EUR300,000,000
(b)
Tranche:
EUR300,000,000
5.
Issue Price:
99.473 per cent. of the Aggregate Nominal Amount
6.
(a)
Specified Denominations:
EUR100,000 and integral multiples of EUR1,000 in
excess thereof up to and including EUR199,000. No
Notes in definitive form will be issued with a
denomination above EUR199,000.
(b)
Calculation Amount (in relation to EUR1,000
calculation of interest in global form
see Conditions):
7.
(a)
Issue Date:
30 January 2020
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
30 January 2027
9.
Interest Basis:
1.125 per cent. Fixed Rate

(see paragraph 14 below)
10.
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Issuer Call

Issuer Par Call

Change of Control Put

(see paragraph 18/19/21 below)
13.
(a)
Status of the Notes:
Senior
(b)
Date Board approval for issuance of 26 January 2020
Notes obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(a)
Rate(s) of Interest:
1.125 per cent. per annum payable in arrear on each
Interest Payment Date
(b)
Interest Payment Date(s):
30 January in each year from, and including, 30
January 2021 up to and including the Maturity Date
(c)
Fixed Coupon Amount(s) for Notes EUR11.25 per Calculation Amount
in definitive form (and in relation to
Notes
in
global
form
see
Conditions):
(d)
Broken Amount(s) for Notes in Not Applicable
definitive form (and in relation to
Notes
in
global
form
see
Conditions):
(e)
Day Count Fraction:
Actual/Actual (ICMA)
(f)
Determination Date(s):
30 January in each year
(g)
Step Up Rating Change and/or Step Applicable
Down Rating Change:
(h)
Step Up Margin:
1.250 per cent. per annum
15.
Floating Rate Note Provisions
Not Applicable
16.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
17.
Notice periods for Condition 7.2:
Minimum period: 30 days
Maximum period: 60 days
18.
Issuer Call:
Applicable
(a)
Optional Redemption Date(s):
From (but excluding) the Issue Date to (but
excluding) 30 October 2026
(b)
Optional Redemption Amount:
Make-whole Amount

(A)
Reference Bond
DBR 0.000 per cent. due 15 August 2026
(DE0001102408)

(B)
Redemption Margin
0.300 per cent.

(C)
Quotation Time
11.00 a.m. (Central European Time)
(c)
If redeemable in part:
Applicable

(i)
Minimum
Redemption EUR100,000
Amount
(ii)
Maximum
Redemption EUR300,000,000
Amount
(d)
Notice periods:
Minimum period: 10 days

Maximum period: 30 days
19.
Issuer Par Call:
Applicable
(a)
Par Call Period:
From (and including 30 October 2026 (the Par Call
Period Commencement Date) to (but excluding)
the Maturity Date
(b)
Notice Periods:
Minimum period: 10 days
Maximum period: 30 days
20.
Investor Put:
Not Applicable
21.
Change of Control Put
Applicable
Change of Control Redemption EUR1,000 per Calculation Amount
Amount:
22.
Final Redemption Amount:
EUR1,000 per Calculation Amount
23.
Early Redemption Amount payable on EUR1,000 per Calculation Amount
redemption for taxation reasons or on event
of default:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24.
Form of Notes:

(a)
Form:
Bearer Notes: Temporary Global Note exchangeable
for a Permanent Global Note which is exchangeable
for Definitive Notes upon an Exchange Event
(b)
New Global Note:
Yes
(c)
New Safekeeping Structure:
No
25.
Additional Financial Centre(s):
Not Applicable
26.
Talons for future Coupons to be attached to No
Definitive Notes:

PART B OTHER INFORMATION

1.
LISTING
AND
ADMISSION
TO
TRADING
(i)
Listing and Admission to trading
Application is expected to be made by the Issuer (or
on its behalf) for the Notes to be admitted to trading
on the Regulated Market of Euronext Dublin and
listing on the official list of Euronext Dublin with
effect from the Issue Date.
(ii)
Estimate of total expenses related to EUR1,000
admission to trading:
2.
RATINGS
Ratings:
The Notes to be issued are expected to be rated:

Baa3 by Moody's Investors Service (Nordics) AB
(Moody's).

Moody's is established in the European Union and is
registered under Regulation (EC) No. 1060/2009 (as
amended) (the CRA Regulation)
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Joint Lead Managers, so far as the Issuer is aware, no person
involved in the issue of the Notes has an interest material to the offer. The Joint Lead Managers and
their affiliates have engaged, and may in the future engage, in investment banking and/or
commercial banking transactions with, and may perform other services for, the Issuer and its
affiliates in the ordinary course of business.
5.
YIELD
Indication of yield:
1.204 per cent. per annum

The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
6.
OPERATIONAL INFORMATION
(i)
ISIN:
XS2112816934
(ii)
Common Code:
211281693
(iii)
CFI:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering
Agency that assigned the ISIN

(iv)
FISN:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering
Agency that assigned the ISIN
(v)
Any clearing system(s) other than Not Applicable
Euroclear
and
Clearstream,
Luxembourg
and
the
relevant
identification number(s):
(vi)
Delivery:
Delivery against payment
(vii)
Names and addresses of additional Not Applicable
Paying Agent(s) (if any):
(viii)
Intended to be held in a manner No.
which would allow Eurosystem
eligibility:
Whilst the designation is specified as "no" at the date
of these Final Terms, should the Eurosystem
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes
may then be deposited with one of the ICSDs as
common safekeeper. Note that this does not
necessarily mean that the Notes will then be
recognised as eligible collateral for Eurosystem
monetary policy and intra day credit operations by
the Eurosystem at any time during their life. Such
recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have
been met.
7.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated, names of Managers:
Joint Lead Managers:
Deutsche Bank AG, London Branch
Nordea Bank Abp
Swedbank AB (publ)
(iii)
Date of Subscription Agreement:
28 January 2020
(iv)
Stabilisation Manager(s) (if any):
Deutsche Bank AG, London Branch
(v)
If non-syndicated, name of relevant Not Applicable
Dealer:
(vi)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(vii)
Prohibition of Sales to EEA Retail Applicable
Investors:

(viii) Prohibition of Sales to Belgian Applicable
Consumers: