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NEU CP Not Guaranteed Programme NEU CP NEU CP (trade name) 1 Not guaranteed programme Information Memorandum (IM) Name of the programme JYSKE BANK A/S NEU CP Name of the issuer JYSKE BANK A/S Type of programme NEU CP Programme size EUR 5,000,000,000 Guarantor(s) None Rating(s) of the programme Rated by Standard & Poor’s Arranger(s) Jyske Bank A/S Issuing and paying agent(s) Société Générale (IPA) Dealer(s) Société Générale, UBS Limited, JYSKE BANK A/S, ING Wholesale Banking Date of the information memorandum 01/06/2017 Update by amendment (if None required) Drawn up pursuant to articles L 213-1A to L 213-4-1 of the French monetary and financial code A copy of the information memorandum is sent to : BANQUE DE France Direction générale de la stabilité financière et des opérations (DGSO) Direction de la mise en œuvre de la politique monétaire (DMPM) 21-1134 Service des Titres de Créances Négociables (STCN) 39, rue Croix des Petits Champs 75049 PARIS CEDEX 01 Avertissement : cette documentation financière étant rédigée dans une langue usuelle en matière financière autre que le français, l’émetteur invite l’investisseur, le cas échéant, à recourir à une traduction en français de cette documentation. Translation : Warning : as this information memorandum is issued in a customary language in the financial sphere other than French, the issuer invites the investor, when appropriate, to resort to a French translation of this documentation. The Banque de France invites investors to read the general terms and conditions for the use of information related to negotiable debt securities : https://www.banque-france.fr/en/monetary-policy/monitoring-and-development-market-financing/commercial-paper-and- medium-term-note-market-neu-cp-neu-mtn 1 Trade name of the notes defined in article D.213-1 of the French monetary and financial code May 2017 – Single issuer not guaranteed information memorandum 1 1. DESCRIPTION OF THE ISSUANCE PROGRAMME Article D. 213-9, 1° and D 213-11 of the French monetary and financial code and Article 6 of the Order of 30 May 2016 and subsequent amendments 1.1 Name of the JYSKE BANK A/S programme NEU CP 1.2 Type of programme NEU CP 1.3 Name of the JYSKE BANK A/S issuer 1.4 Type of issuer Monetary financial institution 1.5 Purpose of the General corporate purposes.. programme 1.6 Programme size The maximum outstanding amount issued under the Programme (maximum shall be EUR 5,000,000,000 or its equivalent value at the date of outstanding issue in any other currency authorized by applicable laws and amount) in euro regulations in force in France at the time of the issue. 1.7 Form of the notes Notes of the programme are Negotiable Debt Securities issued in bearer form and recorded in the books of authorized intermediaries (book entry system) in accordance with French laws and regulations. 1.8 Yield basis The remuneration of the NEU CP is unrestricted. However, the Issuer shall inform the Banque de France to the issuance of NEU CP of any remuneration linked to an index or which varies in accordance with an index clause and if that index or index clause does not refer to a usual interbank market, money market or bond market rate. If there will be an index or formula involved in determining the remuneration there will be no possibility for a negative remuneration and the index options will be limited to EONIA money market, interbank market or bond market rates. In the case of an issue of NEU CP embedding an option of early redemption, extension or repurchase, as mentioned in paragraph 1.10 below, the conditions of remuneration of such NEU CP will be set at when the said NEU CP will be initially issued and shall not be further modified, including when such an embedded option of early redemption, extension or repurchase will be exercised. 1.9 Currencies of issue Euro or any other currency authorized by applicable laws and regulations in force in France at the time of the issue. 1.10 Maturity The term (maturity date) of the NEU CP shall be determined in accordance with laws and regulations applicable in France, which imply that, at the date hereof, the term of the NEU CP shall not be longer than one year (365 days or 366 days in a leap year), from the issue date. The NEU CP may be repaid before maturity in accordance with the laws and regulations applicable in France. The NEU CP issued under the Programme may carry one or more embedded option(s) of extension of the term (hold by either the Issuer or the holder, or linked to one or several events not related to either the Issuer or the holder). The NEU CP issued under the Programme may also carry one or more embedded option(s) of repurchase before the term (hold by either the Issuer or the holder, or linked to one or several events not related to either the Issuer or the holder). An option of early redemption, extension or repurchase of NEU CP, if any, shall be explicitly specified in the confirmation form of any related issuance of NEU CP. May 2017 – Single issuer not guaranteed information memorandum 2 In any case, the overall maturity of any NEU CP embedded with one or several of such clauses, shall always - all options of early redemption, extension or repurchase included – conform to laws and regulations in force in France at the time of the issue. 1.11 Minimum issuance The NEU CP shall be issued for a nominal amount at least equal amount to EUR 200,000 or its equivalent in other currencies. 1.12 Minimum By virtue of regulation (Article D 213-11 of the French monetary and denomination of financial code), the legal minimum face value of the NEU CP within the notes the framework of this programme is 200 000 euros or the equivalent in the currencies selected at the time of issuance. 1.13 Status of the notes The NEU CP shall constitute direct, unsecured and unsubordinated obligations of the Issuer, ranking at least pari passu with all other current and future direct, unsecured, unguaranteed and unsubordinated indebtedness of the Issuer. 1.14 Governing law that Any NEU CP under the Programme will be governed by French applies to the law. notes All potential disputes related to the issuance of the NEU CP shall be governed and construed according to French Law. 1.15 Listing of the NO notes/Admission to trading on a regulated market 1.16 Settlement system The NEU CP will be issued in Euroclear France. 1.17 Rating(s) of the Rated programme Standard & Poor’s: http://www.standardandpoors.com/en_EU/web/guest/ratings/details/- /instrument-details/debtType/COMMPAPER/entityId/350811 Ratings can be reviewed at any time by the Rating Agencies. Investors are invited to refer to the website of the rating agency concerned for the current rating. 1.18 Guarantor None 1.19 Issuing and Paying Société Générale Agent(s) (IPA) 1.20 Arranger Jyske Bank A/S 1.21 Placement method Placement through dealers: ING Wholesale Banking, UBS Limited, JYSKE BANK A/S, Société Générale. The Issuer may subsequently elect to replace any dealer or appoint other dealers; an updated list of such dealers shall be disclosed to investors upon request to the Issuer. 1.22 Selling restrictions General selling restrictions No action has been taken or will be taken by the Issuer, each Dealer, any initial subscriber and any further holder of the NEU CP issued under the Programme that would or is intended to permit a public offering of the NEU CP or the possession or distribution of the Information Memorandum or any other document relating to the NEU CP in any country or jurisdiction where action for that purpose is required. The Issuer, each Dealer, any initial subscriber and any further holder of the NEU CP has undertaken, to the extent possible, to the best of its knowledge, to comply with all applicable laws and regulations in force in any country or jurisdiction in which it May 2017 – Single issuer not guaranteed information memorandum 3 purchases, offers or sells the NEU CP or possesses or distributes the Information Memorandum or any other document relating to the NEU CP and to obtain any consent, approval or permission required by it for the purchase, offer or sale of NEU CP under the laws and regulations in force in any jurisdiction to which it is subject or in which it will make such purchases offers or sales and neither the Issuer, nor any Dealer nor any initial subscriber nor any further holder shall have responsibility therefore. None of the Issuer, any Dealer, any initial subscriber or any further holder of the NEU CP will either offer, sell or deliver, directly or indirectly, any NEU CP or distribute the Information Memorandum or any other document relating to the NEU CP in or from any country or jurisdiction except under circumstances that will result in the compliance with any applicable laws and regulations and which will not impose any obligations on the Issuer. France Each of the Issuer, the Dealer, any initial subscriber has represented and agreed and any further holder of the NEU CP will be required to represent and agree, that it has not offered or sold, and will not offer or sell directly or indirectly any NEU CP to the public in France, and has not distributed and will not distribute or cause to be distributed to the public in France the Information Memorandum or any other offering material relating to the NEU CP and that such offers, sales and distributions have been and will only be made in France to (i) qualified investors (investisseurs qualifiés) acting for their own account in accordance with sub-paragraph 2 of article L 411-2 and articles D 411-1 and D 411-2 of the French Code monétaire et financier and/or (ii) to providers of investment services relating to portfolio management for the account of third parties.
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