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Publikationstyp Date Maxcertifikat Avseende: ABB Ltd, Autoliv Inc., Boliden AB, Telefonaktiebolaget LM Ericsson, H & M Hennes & Mauritz AB, Holmen AB, Lundin Petroleum AB, Modern Times Group MTG AB, Nordea Bank AB (publ), Oriflame Cosmetics SA, Sandvik AB, Svenska Cellulosa Aktiebolaget, Scania AB, Skandinaviska Enskilda Banken, Securitas AB, SKF AB, SSAB Svenskt Stål AB, Swedbank AB, Swedish Match AB, Tele2 AB, TeliaSonera AB (publ), AB Volvo Med noteringsdag: 14 april Slutliga Villkor - Maxcertifikat Fullständig information om Handelsbanken och erbjudandet kan endast fås genom Grundprospektet av den 23 mars 2011 och dessa Slutliga Villkor. Grundprospektet finns att tillgå på www.handelsbanken.se/prospektochprogram. Risker Kreditrisk – emittentrisk Likviditetsrisk Vid köp av värdepapper emitterade under Handelsban- Under löptiden kan det vara svårt eller omöjligt att köpa kens MTN-, Warrant- och Certifikatprogram tar placerare eller sälja ett maxcertifikat. Detta kan till exempel inträffa en kreditrisk på Handelsbanken. Med kreditrisk menas vid illikviditet i marknaden, kraftiga kursrörelser eller då risken att Handelsbanken inte skulle kunna fullfölja sina handeln på någon relevant marknadsplats stängs eller betalningsåtaganden gentemot placeraren. Om Han- åläggs restriktioner under viss tid. Även tekniska fel, delsbanken skulle hamna på obestånd riskerar placera- exempelvis kommunikationsavbrott, kan störa handeln. ren då att förlora delar av eller hela sin placering, oavsett Valutarisk hur den underliggande marknaden har utvecklats under I de fall den underliggande tillgången noteras i annan värdepapprets löptid. Oberoende kreditbedömningsinsti- valuta än svenska kronor, kan kursförändringar påverka tut ger betyg på bankers och andra företags förmåga att avkastningen på värdepappren. Detta är dock inte fallet klara av sina finansiella åtaganden. Handelsbanken har med värdepapper som enligt villkoren är explicit valuta- höga kreditbetyg: AA- från Standard & Poor’s (”S&P”) skyddade, dvs. löper med fast växelkurs. och Aa2 från Moody’s. Med Moody´s rating Aa2 och S&P rating AA- menas ”hög kvalitet med mycket låg Legal risk kreditrisk”. Det finns ingen bank i Norden som har högre Handelsbankens verksamhet regleras av aktiebolagsla- kreditbetyg än Handelsbanken. gen (2005:551) och lag (2004:297) om bank- och finan- Handelsbanken är en universalbank och har därmed ett sieringsrörelse samt ett omfattande regelverk som är komplett utbud av olika bankprodukter. Därigenom upp- kopplat till bankens rörelse. Korrekt tillämpning av regel- kommer en rad olika risker som identifieras, mäts och verket är avgörande för en sund bankverksamhet. För hanteras på ett systematiskt sätt inom koncernens alla det fall banken inte fullgör sina skyldigheter enligt gäl- delar. Placerarens möjlighet att erhålla betalning under lande regelverk föreligger en risk för sanktioner i olika ett värdepapper är beroende av bankens möjlighet att former från tillsynsmyndighet och domstolar, vilket kan infria sina betalningsåtaganden, vilket i sin tur är bero- påverka bankens verksamhet negativt. ende av utvecklingen i bankens verksamhet och ban- Bestämmelser kens hantering av de olika riskerna i dess verksamhet. Vid handel med värdepapper bör placeraren informera Handelsbanken ställer inga säkerheter för emitterade sig om innehållet i de bestämmelser (t ex i respektive värdepapper och en placerare som placerar i värdepap- värdepappers Slutliga Villkor) som gäller för handel samt per omfattas inte av den statliga insättningsgarantin. vara uppmärksam på att dessa bestämmelser kan bli föremål för tillägg och ändringar. Placeraren bör upp- Marknadsrisk märksammas särskilt på att sådana tillägg och ändringar Under löptiden påverkas värdet på maxcertifikat av flera kan aktualiseras vid väsentliga förändringar av markna- faktorer, bland annat den underliggande tillgångens den för den underliggande tillgången. utveckling, återstående löptid, förväntad framtida volatili- tet, marknadsräntor och eventuella aktieutdelningar. Ansvar Observera att små förändringar i den underliggande Placeraren är alltid själv till fullo ansvarig för beslut att tillgången kan resultera i stora förändringar i maxcertifi- genomföra eller inte genomföra varje enskild transaktion katets värde. Placerare bör vara medvetna om att ett samt för det ekonomiska resultatet av transaktionerna. maxcertifikat under löptiden handlas som ett självstän- Placerare i maxcertifikat bör uppmärksamma att om digt värdepapper och att värdet styrs också av förhållan- Slutkursen är noll utgår inget Återbetalningsbelopp och det mellan utbud och efterfrågan. hela det placerade beloppet förloras. 2 Ekonomisk beskrivning Per Maxcertifikat erhålls, om Slutkurs är högre än Maxnivån, Återbetalningsbelopp motsvarande Maxnivån. Om Slutkurs är lägre än eller lika med Maxnivån erhålls Återbetalningsbelopp motsvarande Slutkurs. I båda fallen multipliceras belop- pen med Multiplikatorn. Om Underliggande är noterad i en annan valuta än Värdepapprets Noteringsvaluta, är Återbetalningsbelopp omräknat till Noteringsvaluta enligt Omräkningskursen. Produktspecifika villkor Värdepappersnamn Underliggande aktie/depåbevis/index Maxnivå Multiplikator ISIN-kod MCABB1G 150H ABB Ltd 150 1 SE0003853639 MCABB1G 155H ABB Ltd 155 1 SE0003853647 MCABB1G 160H ABB Ltd 160 1 SE0003853654 MCALI1G 440H Autoliv Inc. SDB 440 1 SE0003853662 MCBOL1G 130H Boliden AB 130 1 SE0003853670 MCBOL1G 135H Boliden AB 135 1 SE0003853688 MCBOL1G 145H Boliden AB 145 1 SE0003853696 MCERI1G 80 H Ericsson, Telefonab. L M ser. B 80 1 SE0003853720 MCERI1G 85 H Ericsson, Telefonab. L M ser. B 85 1 SE0003853738 MCHM 1G 210H Hennes & Mauritz AB, H & M ser. B 210 1 SE0003853753 MCHM 1G 220H Hennes & Mauritz AB, H & M ser. B 220 1 SE0003853761 MCHM 1G 240H Hennes & Mauritz AB, H & M ser. B 240 1 SE0003853779 MCHOL1G 225H Holmen AB ser. B 225 1 SE0003853787 MCHOL1G 235H Holmen AB ser. B 235 1 SE0003853795 MCLUP1G 100H Lundin Petroleum AB 100 1 SE0003853811 MCLUP1G 95 H Lundin Petroleum AB 95 1 SE0003853803 MCMTG1G 480H Modern Times Group 480 1 SE0003853829 MCNDA1G 70 H Nordea Bank AB 70 1 SE0003854207 MCORI1G 370H Oriflame Cosmetics S.A, SDB 370 1 SE0003853860 MCSAN1G 120H Sandvik AB 120 1 SE0003853894 MCSAN1G 125H Sandvik AB 125 1 SE0003853902 MCSCA1G 100H Svenska Cellulosa AB SCA ser. B 100 1 SE0003853928 MCSCA1G 95 H Svenska Cellulosa AB SCA ser. B 95 1 SE0003853910 MCSCV1G 140H Scania AB ser. B 140 1 SE0003853936 MCSCV1G 145H Scania AB ser. B 145 1 SE0003853944 MCSEB1G 63 H Skandinaviska Enskilda Banken ser. A 63 1 SE0003853951 MCSEC1G 75 H Securitas AB ser. B 75 1 SE0003853969 MCSEC1G 80 H Securitas AB ser. B 80 1 SE0003853977 MCSKF1G 180H SKF, AB ser. B 180 1 SE0003853985 MCSKF1G 185H SKF, AB ser. B 185 1 SE0003853993 MCSSA1G 100H SSAB Svenskt Stål AB ser. A 100 1 SE0003854009 MCSSA1G 105H SSAB Svenskt Stål AB ser. A 105 1 SE0003854017 MCSWE1G 125H Swedbank AB ser A 125 1 SE0003854058 MCSWE1G 130H Swedbank AB ser A 130 1 SE0003854066 MCSWM1G 215H Swedish Match AB 215 1 SE0003854074 MCSWM1G 220H Swedish Match AB 220 1 SE0003854082 MCTEL1G 150H Tele2 AB ser. B 150 1 SE0003854090 MCTEL1G 160H Tele2 AB ser. B 160 1 SE0003854108 MCTLS1G 50 H TeliaSonera AB 50 1 SE0003854132 MCTLS1G 55 H TeliaSonera AB 55 1 SE0003854140 MCVOL1G 105H Volvo, AB ser. B 105 1 SE0003854173 MCVOL1G 110H Volvo, AB ser. B 110 1 SE0003854181 Fastställelsedag för Värdepappersnamn Noteringsdag Sista handelsdag Återbetalningsdag Slutkurs MCABB1G 150H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCABB1G 155H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCABB1G 160H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCALI1G 440H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCBOL1G 130H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCBOL1G 135H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCBOL1G 145H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCERI1G 80 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCERI1G 85 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCHM 1G 210H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 3 MCHM 1G 220H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCHM 1G 240H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCHOL1G 225H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCHOL1G 235H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCLUP1G 100H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCLUP1G 95 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCMTG1G 480H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCNDA1G 70 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCORI1G 370H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSAN1G 120H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSAN1G 125H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSCA1G 100H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSCA1G 95 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSCV1G 140H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSCV1G 145H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSEB1G 63 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSEC1G 75 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSEC1G 80 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSKF1G 180H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSKF1G 185H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSSA1G 100H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSSA1G 105H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSWE1G 125H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSWE1G 130H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSWM1G 215H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCSWM1G 220H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCTEL1G 150H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCTEL1G 160H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCTLS1G 50 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCTLS1G 55 H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCVOL1G 105H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 MCVOL1G 110H 2011-04-14 2011-07-15 2011-07-18 2011-07-29 Lösenförfarande: Handelsbanken genomför automatisk kontant slutavräkning.
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