Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product Product name EUR 90,000,000 Callable Subordinated Capital Securities due 3018 ISIN DK0030430962 Legal name Regulated by DLF Seeds A/S (the "Issuer") www.dlf.com or www.dlf.dk , Call +45 46 33 03 38 and ask for Lars Johansen for more information Finanstilsynet (Denmark) Produced 03.11.2020 You are about to purchase a product that is not simple and may be difficult to understand. What is this product? Type This product is a financial instrument in the form of a subordinated hybrid security subject to Danish Law. Objectives This product is a security that offers interest income which is fixed for the first four years. The interest is fixed for each subsequent four-year period at each interest determination date. On the first call date an interest step-up of 5.000 % applies. After the first 4 years, the Issuer may elect to redeem the product. The product has a maturity of 1,000 years. The Issuer has a unilateral call right and the invested capital will only become due for repayment after the Issuer has exercised its call right. The Issuer may redeem the product on 27 November 2022 and on any subsequent annual interest payment date. The Issuer has the right to defer interest payments, i.e. to not pay interest on the respective interest payment dates (but must make up deferred interest payments under certain conditions). In addition, the Issuer has a call right for redemption at any time in the case of certain events. You have no right to redemption of the product and thus make the invested capital due for repayment. Your claim against the Issuer under the product is deeply subordinated. This means that in the event of the insolvency or dissolution of the Issuer, all ordinary creditors will be satisfied with priority claims before you. The following are indicative terms based on current market conditions: Minimum trading amount Denomination Term Currency Issue price Issue date Nominal amount First fixed rate per annum Interest determination period(s) Interest payment dates Interest payment structure Interest payment step-up date Call right of the Issuer Redemption amount at first call Call right of investors Stock market listing EUR 100,000 EUR 1,000 1,000 years EUR 100% 27 November 2018 EUR 90,000,000 6.375% 4 years Annually in arrear on 27 November in each year 6.375% for the first four years. Thereafter the annual interest rate will be determined for four year periods as the 4-year Swap Rate plus the initial margin of 617.2 bps plus the step-up margin. 27 November 2022 Initially, on the first call date. Subsequently callable annually on each interest payment date Issuer call at 100%, if not used then step up margin of 5.000 per cent. per annum None Nasdaq First North Bond Market operated by Nasdaq Copenhagen A/S on or about the issue date Intended retail investor The maturity date of the product is 27 November 3018, provided that no early redemption has occurred. The bond is intended for: a. Clients that are eligible counterparties, professional clients and retail clients, each as defined in MiFID II. b. Informed investors and advanced investors (characteristics specified below). Informed investors, having one, or more, of the following characteristics; (i) average knowledge of relevant financial products (an informed investor can make an informed investment decision based on the regulated and authorised offering documentation, together with knowledge and understanding of the specific factors/risks highlighted within them only), or (ii) some financial industry experience.
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