Nova Ljubljanska banka d.d. Notes – NOVALJ 4 1/2 05/29/30

Issuer

Nova Ljubljanska banka d.d., Ljubljana, Trg republike 2, 1520 Ljubljana

Type

EUR-denominated notes, issued in new global note form

Status and subordination

Ticker

ISIN code

XS2825558328

Notes Rating

Aggregate nominal amount of the issue (principal)

Nominal amount of each Note

EUR 100,000.00

Maturity

Interest Rate

(i) for the period from the Issue Date to but excluding the Optional Redemption Date, 4.500% p.a.;

(ii) for the period from and including the Optional Redemption Date to but excluding the Maturity Date, the sum of the Reference Rate, determined on the Reset Determination Date, and a margin of 1.650% p.a.

Reference Rate

Mid-swap rate for swap transactions in euro with a maturity of 1 year

Reset Determination Date

TARGET Business Day

Issue date

Interest Calculation

Interest Period

Interest Payment Date

Possibility of early redemption

The noteholders do not have a right to demand the early redemption of the Notes.

The Issuer may redeem the Notes before maturity in whole, but not in part, at their principal amount together with accrued and unpaid interest thereon to but excluding the date of redemption:

(a) on 29 May 2029 (Optional Redemption Date)

(b) at any time, if any of the following occurs or is expected to occur:

(i) a change in tax treatment of the Notes;

(ii) the Notes ceasing to count towards MREL,

provided that the conditions to early redemption and repurchase set forth in conditions of the Notes are met and the Issuer obtains prior permission of the Resolution Authority (or any other relevant supervisory authority) for the redemption of the Notes, which may, inter alia, require that:

(a) the Issuer (before or at the same time as any early redemption or repurchase) replaces the Notes with own funds instruments or eligible liabilities of equal or higher quality at terms that are sustainable for the income capacity of the Issuer; or

(b) the Issuer has demonstrated to the satisfaction of the Resolution Authority that the own funds and eligible liabilities of the Issuer would, following any early redemption or repurchase, exceed the requirements for own funds and eligible liabilities provided in the CRR, the CRD IV and the BRRD by a margin that the Resolution Authority, in agreement with the competent supervisory authority, considers necessary; or

(c) the Issuer has demonstrated to the satisfaction of the Resolution Authority that the partial or full replacement of the eligible liabilities with own funds instruments is necessary to ensure compliance with the own funds requirements laid down in the CRR and in the CRD IV for continuing authorisation.

Listed on stock exchange

Listed from