Swedbank A

Capital/Financing Update • Mar 28, 2013

SWEDBANK AB (publ)

Issue of

EUR 35,060,000 Floating Rate Notes due May 2018 (the "Notes")

under the U.S.\$40,000,000,000 Global 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 set forth in the Prospectus dated 15 May 2012 (the "Prospectus") and the supplementary prospectus respectively dated 18 July 2012, 23 October 2012 and 30 January 2013 which together constitute a base prospectus for the purposes of Directive 2003/71/EC (the "Prospectus Directive"). 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 Prospectus as so supplemented. 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 Prospectus as so supplemented. The Prospectus and the supplementary prospectus are available for viewing at Swedbank AB (publ), Regeringsgatan 13, SE-105 34 Stockholm, Sweden and www.swedbank.se and copies may be obtained from Swedbank AB (publ), Regeringsgatan 13, SE-105 34 Stockholm, Sweden.

1.	Issuer:		Swedbank AB (publ)
2.	(i)	Series Number:	214
	(ii)	Tranche Number:	1
3.		Specified Currency or Currencies:	Euro ("EUR")
4.		Aggregate Nominal Amount:
	(i)	Series:	EUR 35,060,000
	(ii)	Tranche:	EUR 35,060,000
5.	Issue Price:		100 per cent of the Aggregate Nominal Amount
6.	(i)	Specified Denomination(s):	EUR 100,000 and integral multiples of EUR 1,000 in excess thereof up to and including EUR 199,000. No Notes in definitive form will be issued with a denomination above EUR 199,000.
	(ii)	Calculation Amount:	EUR 1,000
7.	(i)	Issue Date:	28 March 2013
	(ii)	Interest Commencement Date:	the Issue Date
8.	Maturity Date:		The Specified Interest Payment Date falling on or nearest to 15 May 2018

9.	Interest Basis:		3-month EURIBOR + 0.70 per cent. Floating Rate save for the short first Interest Period from and including the Interest Commencement Date to but excluding the Specified Interest Payment Date scheduled to fall on or nearest to 15 May 2013 in respect of which the Reference Rate will be determined through the use of straight line interpolation by reference to 1-month EURIBOR and 2-month EURIBOR + 0.70 per cent. Floating Rate.
			(further particulars specified below)
10.	Redemption/Payment Basis:		Redemption at par
11.	Change of Interest Basis or Redemption/ Payment Basis:		Not Applicable
12.	Put/Call Options:		Not Applicable
13.	(i)	Status of the Notes:	Unsubordinated $-$ Condition 3(a) will apply
	(ii)	Date [Board] approval for issuance of Notes obtained:	Not Applicable
14.	Method of distribution:		Non-syndicated
		PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.	Fixed Rate Note Provisions:		Not Applicable
16.	Floating Rate Note Provisions:		Applicable
	(i)	Specified Period(s)/Specified Interest Payment Dates:	May 15, August 15, November 15 and February 15 in each year from and including 15 May 2013 up to and including the Maturity Date; all such dates being subject to adjustment in accordance with the Business Day Convention specified below.
			There will be a short first Interest Period from and including the Interest Commencement Date to but excluding the Specified Interest Payment Date scheduled to fall on or nearest to 15 May 2013 (the "Short First Interest Period").
	(ii)	Business Day Convention:	Modified Following Business Day Convention
	(iii)	Business Centre(s):	TARGET
	(iv)	Manner in which the Rate(s) of Interest is/are to be determined:	Screen Rate Determination
	(v)	Party responsible for calculating the Rate(s) of Interest and Interest

			Amount(s) (if not the Principal Paying Agent):	Not Applicable
	(vi)		Screen Rate Determination:	Applicable
			Reference Rate:	3-month EURIBOR $+$ 0.70 per cent. Floating Rate save for the Short First Interest Period in respect of which the Reference Rate will be determined through the use of straight line interpolation by reference to 1-month EURIBOR and 2-month EURIBOR $+0.70$ per cent. Floating Rate.
			Determination Interest $Date(s)$ :	The second day on which the TARGET2 System is open prior to the start of each Interest Period
			Relevant Screen Page:	Reuters EURIBOR01
	(vii)		ISDA Determination:	Not Applicable
	(viii)	$Margin(s)$ :		$+0.70$ per cent per annum
	(ix)		Minimum Rate of Interest:	Not Applicable
	(x)		Maximum Rate of Interest:	Not Applicable
	(x i )		Day Count Fraction:	Actual/360
	(xii)	Fall	back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:	Not Applicable
17.			Zero Coupon Note Provisions:	Not Applicable
18.	Index-Linked Interest Note/other variable- linked interest Note Provisions:			Not Applicable
19.	Dual Currency Interest Note Provisions:			Not Applicable
			PROVISIONS RELATING TO REDEMPTION
20.	Issuer Call:			Not Applicable
21.	Investor Put:			Not Applicable
22.			Final Redemption Amount:	EUR 1,000 per Calculation Amount
23.	Early Redemption Amount:
			Early Redemntion Amount(s) navable on

Early Redemption Amount(s) payable on
redemption for taxation reasons or on Event
of Default or other early redemption and/or

the method of calculating the same (if required or if different from that set out in Condition $5(e)$ : EUR 1,000 per Calculation Amount GENERAL PROVISIONS APPLICABLE TO THE NOTES 24. Form of Notes: $(i)$ Bearer Notes: Form: Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Bearer Notes only upon an Exchange Event $(ii)$ New Global Note: Yes 25. Financial Centre(s) or other special provisions relating to Payment Days: Not Applicable 26. Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates No on which such Talons mature): 27. Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made [and consequences] (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment]: Not Applicable 28. Details relating to Instalment Notes: $(i)$ Not Applicable Instalment Amount(s): $(ii)$ Instalment Date(s): Not Applicable 29. Redenomination, renominalisation and Not Applicable reconventioning provisions: 30. Consolidation provisions: Not Applicable 31. Additional U.S. Federal Income Tax Considerations: Not Applicable 32. Other final terms: Not Applicable DISTRIBUTION 33. $(i)$ If syndicated, of names Managers: Not Applicable Date of Subscription Agreement: $(ii)$ Not Applicable

Stabilising Manager(s) (if any): Not Applicable

$(iii)$

J4.	If non-syndicated, name of Dealer:	Societe Generale
35.	Whether TEFRA D rules are applicable
	or TEFRA rules are not applicable:	TEFRAD

$\sim$ $\sim$

1. Additional selling restrictions: Not Applicable

PURPOSE OF FINAL TERMS

.
Stores

These Final Terms comprise the final terms required for issue and admission to trading on the EEA Regulated Market of the London Stock Exchang) and, listing on the Official List of the UK Listing Authority) of the Notes described herein pursuant to the U.S.\$40,000,000,000 Global Medium Term Note Programme of Swedbank AB (publ).

$\cdots$

RESPONSIBILITY

$\mathbf{r}$ $\mathbf{r}$

$\overline{24}$

The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer: $By:...$

Duly authorised

Stefan Abrahamsson

Jonas Westerberg

PART B-OTHER INFORMATION

LISTING AND ADMISSION TO TRADING $1.$

(i)	Listing:	London
(ii)	Admission to trading:	Application has been made for the Notes to be admitted to trading on the London Stock Exchange with effect from 28 March 2013.
(iii)	Estimate of total expenses related to £1,750 admission to trading:

$\overline{2}$ . RATINGS

Ratings:

The Notes to be issued are expected to be rated by : $-Moody's : A2$

$-S&P:A+$

$-Fitch : A+$

Each of Moody's Investors Service Limited ("Moody's"), Standard & Poor's Credit Market Services Europe Limited ("Standard & Poor's") and Fitch Ratings Ltd. ("Fitch") is established in the European Union and is registered under Regulation (EC) No. 1060/2009 (as amended) (the "CRA Regulation"). As such each of Moody's, S&P and Fitch is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website in accordance with such CRA Regulation.

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER $3.$

Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.

$4.$ REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

EUR 35,042,470 Estimated Net proceeds:

Fixed Rate Notes only - YIELD 5.

Not Applicable

6. HISTORIC INTEREST RATES (Floating Rate Notes only)

Details of historic EURIBOR rates can be obtained from Reuters

7. Index-Linked or other variable-linked Notes only - PERFORMANCE OF INDEX/FORMULA/ OTHER VARIABLE AND OTHER INFORMATION CONCERNING THE UNDERLYING

Not Applicable

8. Dual Currency Notes only - PERFORMANCE OF RATE[S] OF EXCHANGE Not Applicable

9. OPERATIONAL INFORMATION

(i)	ISIN Code:	XS0906793178
(ii)	Common Code:	090679317
(iii)	Cusip:	Not Applicable
(iv)	CINS:	Not Applicable
(v)	Swiss Security Number:	Not Applicable
$(v_i)$	Any clearing system(s) other than Euroclear Bank SA/NV, Clearstream Banking société anonyme and SIX SIS Ltd (together with the address of each such clearing system) and the relevant identification number(s):	Not Applicable
(vii)	Settlement procedures:	Not Applicable
(viii)	Delivery:	Delivery against payment
(ix)	Names and addresses of additional Paying Agent(s) (including, in the case of Swiss Domestic Notes, the Principal Swiss Paying Agent and any other Swiss Paying Agents) (if any):	Not Applicable
(x)	Intended to be held in a manner which allow would Eurosystem eligibility:	Yes Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by

10. ADDITIONAL INFORMATION

Not Applicable

criteria.

the Eurosystem either upon issue or at any or all times during their life. Such recognition will depend upon satisfaction of the Eurosystem eligibility