Swedbank A

Capital/Financing Update • Apr 4, 2013

2 April 2013

SWEDBANK AB (publ)

Issue of EUR 10,000,000 0.95 per cent. Notes due 30 June 2016

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 prospectuses 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.	$\left( i\right)$	Series Number:	GMTN 217
	(ii)	Tranche Number:	I
3.	Specified Currency or Currencies:		Euro ("EUR")
4.		Aggregate Nominal Amount:	EUR 10, 000,000
	(i)	Series:	EUR 10, 000,000
	(ii)	Tranche:	EUR 10, 000,000
5.	Issue Price:		100 per cent of the Aggregate Nominal Amount
6.	(i)	Specified Denomination(s):	EUR 100,000
	(ii)	Calculation Amount:	EUR 100,000
7.	(i)	Issue Date:	4 April 2013
	(ii)	Interest Commencement Date:	4 April 2013

8.	Maturity Date:	30 June 2016
9.	Interest Basis:	0.95 per cent. per annum
		(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.	Status of the Notes:	Unsubordinated – Condition $3(a)$ will apply
14.	Method of distribution:	Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.	Fixed Rate Note Provisions:	Applicable
	Rate(s) of Interest: (i)	0.95 per cent per annum payable annually in arrear

30 June in each year commencing from 30 June Interest Payment Date(s): 2014 up to and including the Maturity Date.

There will be a long first coupon for the period commencing from the Issue Date up to and excluding the Interest Payment Date falling on 30 June 2014.

• $(iii)$ Fixed Coupon Amount(s): EUR 950 per Calculation Amount
• $(iv)$ Broken Amount(s): EUR 1,176.44 per Calculation Amount, payable on the Interest Payment Date falling on 30 June 2014
• Day Count Fraction: Act/Act (ICMA), Period Unadjusted
• $(vi)$ Determination Dates: 30 June in each year
• $(vii)$ Other terms relating to the method of Not Applicable calculating interest for Fixed Rate Notes:
• Floating Rate Note Provisions: Not Applicable
• 1. Zero Coupon Note Provisions: Not Applicable
• 1. Index-Linked Interest Note/other variable-Not Applicable linked interest Note Provisions:
• 1. Dual Currency Interest Note Provisions: Not Applicable

$(ii)$

$(v)$

16.

PROVISIONS RELATING TO REDEMPTION

20.	Issuer Call:	Not Applicable
21.	Investor Put:	Not Applicable
22.	Final Redemption Amount:	EUR 100,000 per Calculation Amount
23.	Early Redemption Amount:
	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 100,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES

1. Form of Notes:

	(i)	Form:	Bearer Notes:
			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:		TARGET
			Following Business Day Convention to apply
26.	Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):		No
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)	Instalment Amount(s):	Not Applicable
	(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 Not Applicable Considerations:
32.	Other final terms:		Not Applicable
	DISTRIBUTION
33.	(i)	If syndicated, names Managers:	of Not Applicable
	(ii)	Date of Subscription Agreement:	Not Applicable
	(iii)	Stabilising Manager(s) (if any):	Not Applicable
34.	If non-syndicated, name of Dealer:		J.P. Morgan Securities plc
35.	Whether TEFRA D rules are applicable TEFRA D applicable or TEFRA rules are not applicable:
36.	Additional selling restrictions:		Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on the EEA Regulated Market of the London Stock Exchange 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).

RESPONSIBILITY

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

Signed on behalf of the Issuer: By

Ionas Westerberg

Duly authorised

Stefan Abrahamsson

PART B - OTHER INFORMATION

$\mathbf{L}$ LISTING AND ADMISSION TO TRADING

(i)	Listing:	London
(ii)	Admission to trading:	Application has been made for the Notes to be listed for trading on the London Stock Exchange with effect from the Issue Date.
(iii)	Estimate of total expenses related to admission to trading:	GBP 300
RATINGS
Ratings:		The notes to be issued are expected to be assigned the following ratings:
		Moody's: A2
		$S\&P:$ $A+$
		Fitch: $A+$

Moody's Investor Services Europe Limited ("Moody's") Standard & Poor's Credit Market Services Europe Limited ("Standard and Poor's"), and Fitch Ratings Ltd. ("Fitch") are established in the European Union and is registered under Regulation (EC) No. 1060/2009

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

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.

$\overline{4}$ . REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i)	Reasons for the offer:	See "Use of Proceeds" in the Offering Circular
(ii)	Estimated net proceeds:	EUR 10,000,000
(iii)	Estimated total expenses:	Not Applicable

5. YIELD

$\overline{2}$ .

Not Applicable

6. PERFORMANCE OF INDEX/FORMULA/ OTHER VARIABLE AND OTHER INFORMATION CONCERNING THE UNDERLYING

Not Applicable

7. PERFORMANCE OF RATE[S] OF EXCHANGE

Not Applicable

8. OPERATIONAL INFORMATION

(i)	ISIN:	XS0911709144
(ii)	Common Code:	091170914
(iii)	Cusip:	Not Applicable
(iv)	CINS:	Not Applicable
(v)	Swiss Security Number:	Not Applicable
(vi)	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:	Customary medium term note non-syndicated settlement and payment procedures apply
(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 would allow 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 the Eurosystem either upon issue or at any or all times during their life. Such recognition will depend

9. ADDITIONAL INFORMATION

Not Applicable

criteria.

upon satisfaction of the Eurosystem eligibility