NATIONWIDE BUILDING SOCIETY

Capital/Financing Update • Sep 22, 2015

FINAL TERMS

Nationwide Building Society EUR 20,000,000 2.172 per cent. Notes due September 2030 issued pursuant to its U.S.\$25,000,000,000 European 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 Base Prospectus dated 2 October 2014 and the supplements thereto dated 25 November 2014, 16 February 2015, 26 May 2015 and 19 August 2015 which together constitute a base prospectus for the purposes of Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU) (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 the website of the London Stock Exchange through a regulatory information service (http://www.londonstockexchange.com/exchange/news/market-news/marketnews-home.html).

TYPE OF NOTE

1.		Deposit/Ordinary/Subordinated:	Ordinary
2.	Interest Basis:		Fixed Rate (see paragraph 12 below)
DESCRIPTION OF THE NOTES
3.	New Global Note:		Yes
4.	Form of Notes:		Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes only upon an Exchange Event
5.	(a)	Series Number:	473
	(b)	Tranche Number:	1
	(c)	Date on which the Notes will be consolidated and form a single Series:	Not Applicable
6.	(a)	Nominal Amount of Notes to be issued:	EUR 20,000,000
	(b)	Aggregate nominal amount of Series (if more than one issue for the Series):	EUR 20,000,000
	(c)	Specified Currency:	Euro (EUR)
	(d)	Specified Denomination(s):	EUR 100,000
	(e)	Calculation Amount:	EUR 100,000

7.	Issue Price:		100 per cent.
8.	Issue Date:		23 September 2015
9.		Interest Commencement Date:	Issue Date
10.		Automatic/optional conversion from one Interest Basis to another:	Not Applicable
11.		Additional Financial Centre(s):	London
PAYABLE		PROVISIONS RELATING TO INTEREST (IF ANY)
12.	Fixed Rate Note Provisions		÷, Applicable
	(a)	Fixed Rate(s) of Interest:	2.172 per cent. per annum payable in arrear on each Fixed Interest Date
	(b)	Fixed Interest Date(s):	23 September in each year, commencing on 23 September 2016, up to and including the Maturity Date
	(c)	Initial Broken Amount per denomination:	Not Applicable
	(d)	Fixed Coupon Amount(s):	EUR 2,172 per Calculation Amount
	(e)	Broken Amount(s):	Not Applicable
	(f)	Final Broken Amount per denomination:	Not Applicable
	(g)	Day Count Fraction:	Actual/Actual (ICMA)
	(h)	Business Day Convention:	Following Business Day
		Adjusted:	Not Applicable
		Non-Adjusted:	Applicable
	(i)	Additional Business Centre(s):	Not Applicable
	(j)	Determination Date(s):	23 September in each year
13.	Zero Coupon Note Provisions		Not Applicable
14.		Floating Rate Note Provisions	Not Applicable
PROVISIONS REGARDING REDEMPTION/MATURITY Ŷ,
15.		Maturity Date:	23 September 2030
16.	Redemption at Issuer's option:		Not Applicable

• 1. Redemption at Noteholder's option:
• 1. Final Redemption Amount:
• 1. Early Redemption Amount payable on redemption for taxation reasons or on an Event of Default:

GENERAL PROVISIONS APPLICABLE TO THIS ISSUE OF NOTES

EUR 100,000 per Calculation Amount

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

1. U.S. Selling Restrictions:

Reg. S Compliance Category 2: TEFRA D

Signed on behalf of NATIONWIDE BUILDING SOCIETY

By: Arch Churcy

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Not Applicable

amount

3

PART B-OTHER INFORMATION

LISTING AND ADMISSION TO TRADING 1.

$(a)$ Listing and Admission to trading:

$\sim$ $\sigma$

Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange's regulated market and listing on the Official List of the UK Listing Authority with effect from the Issue Date.

$(b)$ Estimate of total expenses related to £360 admission to trading:

RATINGS $\overline{2}$ .

Ratings:

The Notes to be issued are expected to be rated:

$\alpha$

Moody's Investors Service Limited: A1 Standard & Poor's Credit Market Services Europe Limited: $\overline{A}$ Fitch Ratings Ltd.: A

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

Save for any fees payable to Nomura International plc (the Dealer), so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Dealer and its 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.

4. YIELD

5.

	Indication of yield:	2.172 per cent. per annum
OPERATIONAL INFORMATION
(a)	ISIN:	XS1294612921
(b)	Common Code:	129461292
(c)	Any clearing system(s) other than Not Applicable Euroclear and Clearstream, Luxembourg and the relevant identification number(s):
(d)	Names and addresses of initial Paying Agent(s) $(if any)$ :	Citibank, N.A., London Office Citigroup Centre Canada Square Canary Wharf London E14 5LB United Kingdom
		BNP Paribas Securities Services, Luxembourg Branch

33 rue de Gaspérich

L-5826 Hesperange
Luxembourg

Names and addresses of additional Not Applicable
Paying Agent(s) (if any): $(e)$

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