NATIONWIDE BUILDING SOCIETY

Prospectus • Mar 23, 2017

FINAL TERMS

21 March 2017

Nationwide Building Society £125,000,000 Floating Rate Notes due March 2018 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 31 August 2016 and the supplemental Prospectuses dated 18 November 2016 and 10 February 2017 which together constitute a base prospectus (the Base Prospectus) for the purposes of Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU) (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 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/market-newshome.html).

TYPE OF NOTE

1.	Deposit/Ordinary/Subordinated:		Ordinary
2.	Interest Basis:		Floating Rate (see paragraph 14 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:	503
	(b)	Tranche Number:	$\mathbf{1}$
	(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:	£125,000,000
	(b)	Aggregate nominal amount of Series (if more than one issue for the Series):	£125,000,000
	(c)	Specified Currency:	Pounds sterling $(\textbf{\textsterling})$
	(d)	Specified Denomination(s):	£100,000
	(e)	Calculation Amount:	£100,000

7.	Issue Price:			100 per cent.
8.	Issue Date:			23 March 2017
9.			Interest Commencement Date:	Issue Date
10.	Automatic/optional conversion from one Interest Basis to another:			Not Applicable
11.			Additional Financial Centre(s)	Not Applicable
PAYABLE			PROVISIONS RELATING TO INTEREST (IF ANY)
12.			Fixed Rate Note Provisions	Not Applicable
13.	Zero Coupon Note Provisions			Not Applicable
14.	Floating Rate Note Provisions			Applicable
	(a)	Party responsible for calculating the Interest Rate and Interest Amount (if not the Agent):		Not Applicable
	(b)	Interest Period(s) or specified Interest Payment Date(s):		Quarterly on 23 June 2017, 23 September 2017, 23 December 2017 and the Maturity Date, each subject to adjustment with the Business Day Convention
	(c)	Business Day Convention:		Modified Following Business Day
	(d)	Additional Business Centre(s):		Not Applicable
	(e)	First Interest Payment Date:		23 June 2017
	(f)	Manner in which Rate of Interest is to be determined:		Screen Rate Determination
	(g)	If Screen Rate Determination:
		(i)	Reference Rate, Specified Time and Relevant Financial Centre:	Reference Rate: 3 month GBP ICE LIBOR
				Specified Time: 11.00 a.m.
				Relevant Financial Centre: London
		(ii)	Interest Determination Date:	First day of each Interest Period
		(iii)	Relevant Screen Page:	Reuters Screen LIBOR01 Page
	(h)	If ISDA Determination:		Not Applicable
	Linear Interpolation: (i) Margin(s): (j)			Not Applicable
				Plus 0.14 per cent.

15.		Reset Note Provisions	Not Applicable
	(m)	Day Count Fraction:	Actual/365 (Fixed)
	(1)	Maximum Interest Rate (if any):	Not Applicable
	(k)	Minimum Interest Rate (if any):	Not Applicable

PROVISIONS REGARDING REDEMPTION/MATURITY

1. Maturity Date: Interest Payment Date falling on, or nearest to, 23

2. 1. Redemption at Issuer's option: Not Applicable
3. 1. Regulatory Event (Subordinated Notes only): Not Applicable
4. 1. Redemption at Noteholder's option: Not Applicable
5. 1. Final Redemption Amount: Subject to any purchase and cancellation or early
6. 1. Early Redemption Amount payable on £100,000 per Calculation Amount redemption for taxation reasons or (for Subordinated Notes only) following a Regulatory Event or (for any Note) on an Event of Default:

GENERAL PROVISIONS APPLICABLE TO THIS ISSUE OF NOTES

1. U.S. Selling Restrictions: Reg S Compliance Category 2: TEFRA D

Signed on behalf of NATIONWIDE BUILDING SOCIETY

By: . ... . . . . . . 1..t!lt .. " ....... " ......... " .. ".".". "". Duly /tuthorii

By: ..... ~ .... '. ............ ..

March 2018, subject to adjustment with the Business

redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount

Day Convention

Duly Authorised

PART B - OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING

(a)	Listing and Admission to trading:	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 admission to trading:	£4.320
RATINGS
Ratings:		The Notes to be issued are expected to be rated:

Moody's Investors Service Limited: Aa3 Standard & Poor's Credit Market Services Europe Limited: $\overline{A}$ $F1$ Fitch Ratings Ltd.:

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

Save for any fees payable to Lloyds Bank 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

$\overline{4}$ . YIELD

5.

$2.$

Indication of yield: Not Applicable OPERATIONAL INFORMATION ISIN: $(a)$ XS1584880519 $(b)$ Common Code: 158488051 $(c)$ Any clearing system(s) other than Not Applicable Euroclear and Clearstream, Luxembourg and the relevant identification number(s): $(d)$ Names and addresses of additional Not Applicable Paying Agent(s) (if any):

0018293-0000386 ICM:26679990.2