FINAL TERMS VOLVO TREASURY AB (publ) (the

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Transcription:

FINAL TERMS 22 August 2016 VOLVO TREASURY AB (publ) (the "Issuer") Issue of SEK 1,500,000,000 0.125 per cent Fixed Rate Notes due 24 August 2018 guaranteed by AB Volvo (publ) (the "Guarantor") issued pursuant to the U.S.$15,000,000,000 Euro Medium Term Note Programme PART A CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set forth in the Prospectus dated 6 November 2015 and the Supplements to the Prospectus dated 9 February 2016, 3 March 2016, 26 April 2016, 12 May 2016 30 June 2016 and 22 July 2016 which together constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive") as amended (which includes the amendments made by Directive 2010/73/EU. 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, the Guarantor 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 Supplements dated 9 February 2016, 3 March 2016, 26 April 2016, 12 May 2016, 30 June 2016 and 22 July 2016 have been published on the website of the Luxembourg Stock Exchange (www.bourse.lu) and are available for viewing at, and copies may be obtained from, the registered office of the Issuer and from the specified offices of the Paying Agents in London and Luxembourg. 1. (i) Series Number: 345 (ii) Tranche Number: 1 (iii) Date on which the Notes will be consolidated and form a single Series: 2. Specified Currency or Currencies: Swedish Krona ( SEK ) 3. Aggregate Nominal Amount: (i) Series: SEK 1,500,000,000 (ii) Tranche: SEK 1,500,000,000 4. Issue Price: 99.966 per cent. of the Aggregate Nominal Amount 5. (i) Specified Denomination(s): SEK 1,000,000 (ii) Calculation Amount: SEK 1,000,000 6. (i) Issue Date: 24 August 2016

(ii) Interest Commencement Date: Issue Date 7. Maturity Date: 24 August 2018 8. Interest Basis: 0.125 per cent. Fixed Rate 9. Redemption/Payment Basis: 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 amount 10. Change of Interest Basis: 11. Put/Call Options: Provisions Relating to Interest (if any) Payable 12. Fixed Rate Note Provisions Applicable (i) Rate(s) of Interest: 0.125 per cent. per annum payable in arrear on each Interest Payment Date (ii) Interest Payment Date(s): 24 August in each year, commencing 24 August 2017 up to and including the Maturity Date (iii) Fixed Coupon Amount(s): SEK 1,250 per Calculation Amount (iv) Broken Amount(s): (v) Additional Business Centre(s): Stockholm (vi) Day Count Fraction: 30/360 (vii) Determination Date(s): 13. Floating Rate Note Provisions 14. Zero Coupon Note Provisions Provisions Relating to Redemption 15. Issuer Call: 16. Make-whole Redemption by the Issuer

17. Investor Put: 18. Final Redemption Amount: Subject to any purchase or cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount 19. Early Redemption Amount payable on redemption for taxation reasons or on event of default: SEK 1,000,000 per Calculation Amount General Provisions Applicable to the Notes 20. Form of Notes: (a) Form of Notes: Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes only upon an Exchange Event (b) New Global Note: No 21. Additional Financial Centre(s): Stockholm 22. Talons for future Coupons to be attached to Definitive Notes: No Signed on behalf of the Issuer: By: Duly authorised

PART B OTHER INFORMATION 1. LISTING AND ADMISSION TO TRADING (i) (ii) 2. RATINGS Listing and admission to trading: Estimate of total expenses related to admission to trading: Application is expected to be made by the Issuer (or on its behalf) for the Notes to be listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market, Bourse de Luxembourg, with effect from or about the Issue Date. EUR 1,390 Ratings: The Notes to be issued have been rated: BBB by Standard & Poor s Credit Market Services Europe Limited ( S&P ) Baa2 by Moody s Investors Services Ltd. ( Moody s ) S&P and Moody s are established in the European Union and are registered under Regulation (EC) No. 1060/2009 (as amended). As such S&P and Moody s are included in the list of credit rating agencies published by the European Securities and Markets Authority on its website in accordance with such Regulation. 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE 4. Save for any fees payable to 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 the Guarantor and their affiliates in the ordinary course of business. 5. YIELD 0.142 per cent. 6. DISTRIBUTION (i) If syndicated, names of Managers: (ii) Date of Subscription Agreement: (iii) Stabilising Manager(s) (if

(iv) any): If non-syndicated, name and address of relevant Dealer: Nordea Bank Danmark A/S Christiansbro, Strandgade 3 1401 Copenhagen K Denmark (v) TEFRA: TEFRA D 7. OPERATIONAL INFORMATION (i) ISIN Code: XS1481173497 (ii) Common Code: 148117349 (iii) Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s): (iv) Delivery: Delivery against payment (v) (vi) Names and addresses of additional Paying Agent(s) (if any): Intended to be held in a manner which would allow Eurosystem eligibility: No. Whilst the designation is specified as "no" at the date of these Final Terms, should the Eurosystem eligibility criteria be amended in the future such that the Notes are capable of meeting them the Notes may then be deposited with one of the ICSDs as common safekeeper. Note that this does not necessarily mean that the Notes will then be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem at any time during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met. 8. THIRD PARTY INFORMATION