Final Terms

Access Acknowledgement

Please read carefully the restrictions set forth below. Access to these Final Terms of Nederlandse Waterschapsbank N.V. or its EUR 60,000,000,000 Debt Issuance Program (the “Program Materials”) will be allowed after you have read and agreed to the restrictions set forth below.

The Program Materials shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. These materials are not directed at or accessible by persons located in any jurisdiction where the offer for sale of securities is not permitted.

The Program Materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). In particular, any securities that may be referred to in the Program Materials have not been and will not be registered under the Securities Act and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of any such securities in the United States. If you are in the United States, or a U.S. Person (as defined in Regulation S under the Securities Act) (a “U.S. Person”), and wish to access the following materials, you must be a qualified institutional buyer (“QIB”) within the meaning of Rule 144A under the Securities Act. If you are in the United States, or a U.S. Person, but you are not a QIB, you may not access the Program Materials. If you are in the United States, or a U.S. Person, by clicking on the link below, you will be deemed to represent that you are a QIB.

Non-U.S. Persons outside of the United States may access the Program Materials. The Program Materials are published in reliance on article 14 of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 as amended (which includes the amendments made by Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010 to the extent that such amendments have been implemented in a Member State of the European Economic Area).

Nederlandse Waterschapsbank N.V., any Dealers (as defined in the Program Materials) or any other intermediaries do not represent that the following materials may be lawfully distributed, or that any securities may be lawfully offered, in compliance with any applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution or offering. Accordingly, no securities may be offered or sold, directly or indirectly, and the following materials may not be distributed or published in any jurisdiction, except under circumstances that will result in compliance with any applicable laws and regulations. Persons who wish to access the following materials must inform themselves about, and observe, any such restrictions on the distribution of such materials.



You may continue if you have read, understand and agree to comply with all of the restrictions set forth above.

GBP 70,000,000 0.75 per cent. Fixed Rate Notes due 30 June 2021 (series 1526)
EUR 20,000,000 1.20 per cent. Callable Fixed Rate Notes due 26 November 2049 (series 1525)
EUR 1,000,000,000 0.00 per cent. Fixed Rate Notes due 16 November 2026 (series 1524)
EUR 100,000,000 3.000 per cent. Fixed Rate Notes due 11 September 2031 (series 1354, tranche 2)
EUR 300,000,000 0.5 per cent. Fixed Rate Notes due 29 April 2030 (series 1411, tranche 7)
EUR 50,000,000 3.000 per cent. Fixed Rate Notes due 16 November 2023 (series 1230, tranche 3)
EUR 300,000,000 0.500 per cent. Fixed Rate Notes due 27 October 2022 (series 1418, tranche 2)
EUR 150,000,000 Callable Fixed Rate Notes due 4 November 2049 (series 1523)
USD 50,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 11)
EUR 100,000,000 0.501 per cent. Callable Fixed Rate Notes due 24 October 2039 (series 1522)
USD 50,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 10)
USD 50,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 9)
USD 100,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 8)
USD 50,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 7)
EUR 500,000,000 0.00 per cent. Fixed Rate Water Bonds due 2 October 2034 (series 1521)
EUR 30,000,000 Callable Zero Coupon Notes due 23 September 2069 (series 1520)
USD 100,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 6)
USD 100,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 5)
USD 1,500,000,000 1.500 per cent. Fixed Rate Notes due 27 August 2021 (series 1519)
USD 200,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 4)
USD 250,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 3)
USD 50,000,000 Reg S/144A Floating Rate Notes due 10 November 2020 (series 1513, tranche 2)
SEK 200,000,000 0.125 per cent. Fixed Rate Green Bonds due 9 July 2025 (series 1518)
SEK 200,000,000 0.125 per cent. Fixed Rate SDG Housing Bonds due 9 July 2025 (series 1517)
EUR 250,000,000 0.877 per cent. Fixed Rate Notes due 24 June 2054 (series 1516)
EUR 50,000,000 0.964 per cent. Fixed Rate Notes due 11 June 2059 (series 1515)
EUR 1,000,000,000 0.125 per cent. Fixed Rate SDG Housing Bonds due 28 May 2027 (series 1514)
USD 500,000,000 Reg S/144A Floating Rate Notes due November 2020 (series 1513)
EUR 85,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 23)
EUR 50,000,000 1.250 per cent. Fixed Rate Notes due 27 May 2036 (series 1435, tranche 13)
EUR 50,000,000 0.5 per cent. Fixed Rate Notes due 29 April 2030 (series 1411, tranche 6)
EUR 30,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 22)
EUR 25,000,0001.250 per cent. Fixed Rate Notes due 27 May 2036 (series 1435, tranche 12)
GBP 15,000,000 1.559 per cent. Fixed Rate Notes due 11 March 2026 (series 1510, tranche 1)
EUR 25,000,000 1.250 per cent Fixed Rate Notes due 27 May 2036 (series 1435, tranche 11)
EUR 25,000,000 0.750 per cent Fixed Rate Notes due 4 October 2041 (series 1445, tranche 21)
EUR 25,000,000 0.750 per cent Fixed Rate Notes due 4 October 2041 (series 1445, tranche 20)
EUR 50,000,000 1.250 per cent. Fixed Rate Notes due 27 May 2036 (series 1435, tranche 10)
EUR 50,000,000 0.750 per cent Fixed Rate Notes due 4 October 2041 (series 1445, tranche 19)
EUR 1,000,000,000 0.625 per cent. Fixed Rate Affordable Housing Bonds due 6 February 2029 (series 1509)
EUR 20,000,000 1.85 per cent. Callable Fixed Rate Notes due 11 February 2059 (series 1508)
EUR 19,400,000 1.79 per cent. Callable Notes due 29 January 2049 (series 1507)
EUR 1,250,000,000 0.125 per cent. Fixed Rate Notes due 17 January 2024 (series 1506)

EUR 10,000,000 1.77 per cent. Callable Notes due 28 december 2048 (series 1505)
EUR 20,000,000 1.795 per cent. Callable Fixed Rate Notes due 24 December 2048 (series 1504)
EUR 100,000,000 Zero Coupon Notes due 18 December 2058 (series 1503) 
USD 500,000,000 Reg S/144A 3.125 per cent. Green Bonds due 5 December 2022 (series 1502)
SEK 150,000,000 Fixed Rate Notes due 26 November 2038 (series 1501)
USD 1,000,000,000 Reg S/144A 3 per cent. Notes due 21 december 2021 (series 1500)
SEK 150,000,000 Fixed Rate Notes due 15 November 2038 (series 1499)
GBP 15,000,000 Fixed Rate Notes due 14 November 2024 (series 1498)
EUR 600,000,000 1.500 per cent. Affordable Housing Bonds due 15 June 2039 (series 1497)
EUR 20,000,000 Callable Fixed Rate Notes due 29 October 2048 (series 1496)
EUR 10,000,000 Callable Floating Rate Notes due 23 October 2048 (series 1495)
AUD 25,000,000 3.30 per cent. Fixed Rate Notes due 26 September 2033 (series 1493)
USD 150,000,000 Reg 5/1444 Floating Rate Notes due 9 August 2019 (series 1475, tranche 7)
USD 150,000,000 Reg S/144a Floating Rate Notes due 9 August 2019 (series 1475, tranche 6)
USD 90,000,000 Reg S/144a Floating Rate Notes due 9 August 2019 (series 1475, tranche 5) 
USD 1000000,000 Reg S/144a Floating Rate Notes due 24 February 2020 (series 1467, tranche 5) 
USD 500000,000 Reg S/144a Floating Rate Notes due 24 February 2020 (series 1467, tranche 4)  
USD 100,000,000 RegS/144a Floating Rate Notes due 24 February 2020 (series 1467, tranche 3)
EUR 55,000,000 2.03 per cent. Fixed Rate Callable Notes due 28 September 2058 (series 1491) 
EUR 13,000,000 Callable Fixed Rate Notes due 28 September 2048 (series 1492)
EUR 1,000,000,000 0.125 per cent Affordable Housing Bonds due 25 September 2023 (series 1494)
EUR 10,000,000 single-callable Step-up Notes due 11 September 2028 (series 1490)
EUR 50,000,000 1.95 per cent. Callable Fixed Rate Notes due 29 August 2058 (series 1489)
EUR 100,000,000 3.50 per cent. Fixed Rate Notes due 14 January 2021 (series 1204, tranche 2)
EUR 150,000,000 3.50 per cent. Fixed Rate Notes due 14 January 2021(serie 1204, tranche 3)
EUR 100,000,000 0.050 per cent. Fixed Rate Notes due 10 February 2021 (series 1425, tranche 2)
EUR 130,000,000 0.050 per cent. Fixed Rate Notes due 10 February 2021 (series 1425, tranche 3)
EUR 50,000,000 1.82 per cent. Callable Fixed Rate Notes due 17 August 2048 (series 1488)
EUR 40,000,000 2.00 per cent. Callable Fixed Rate Notes due 6 August 2058 (series 1487)
EUR 100,000,000 1.250 per cent. Fixed Rate Notes due 27 May 2036 (series 1435, tranche 9)
EUR 40,000,000 1.77 per cent. Callable Fixed Rate Notes due 27 July 2048 (series 1486)
EUR 100,000,000 1.250 per cent. Fixed Rate Notes due 27 May 2036 (series 1435, tranche 8)
EUR 50,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 18)
EUR 50,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 17)
NZD 66,000,000 3.643 per cent. Fixed Rate Notes due 5 July 2028 (series 1485)
EUR 120,000,000 1.250 per cent. Fixed Rate Notes due 27 May 2036 (series 1435, tranche 7)
EUR 30,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 16)
EUR 40,000,000 1.955 per cent. Callable Notes due 28 June 2058 (series 1484)
EUR 10,000,000 1.83 per cent. Callable Notes due 22 June 2048 (series 1483)
EUR 50,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 15)
EUR 25,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 14)
EUR 40,000,000 2.01 per cent. Callable Fixed Rate Notes due 3 May 2058 (series 1481)
EUR 500,000,000 1.500 per cent. Fixed Rate Affordable Housing Bonds 27 April 2038 (series 1480)
EUR 10,000,000 1.86 per cent. Callable Notes due 27 April 2048 (series 1479)
SEK 320,000,000 2.04 per cent. Fixed Rate Notes due 26 April 2040 (series 1478)
EUR 100,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 13)
EUR 25,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 12)
USD 350,000,000 Reg S/144A Floating Rate Notes due 9 August 2019 (series 1475, tranche 4)
USD 250,000,000 Reg S/144A Floating Rate Notes due 9 August 2019 (series 1475, tranche 3)
EUR 1,250,000,000 1.00 per cent. Fixed Rate Notes due 1 March 2028 (series 1476)
EUR 58,000,000 0.750 per cent. Fixed Rate Notes due 4 October 2041 (series 1445, tranche 11)
USD 500,000,000 Floating Rate Notes due 24 February 2020 (series 1467, tranche 2)
USD 250,000,000 Reg S/144A Floating Rate Notes due 9 August 2019 (series 1475, tranche 2)
USD 1,000,000,000 Reg S/144A Floating Rate Notes due 9 August 2019 (series 1475)
SEK 2,000,000,000 1.5075 per cent. Green Bonds due 24 January 2028 (series 1474)
EUR 30,000,000 Callable Fixed Rate Notes due 23 January 2058 (series 1473)
EUR 50,000,000 0.5 per cent. Fixed Rate Notes due 29 April 2030 (series 1411, tranche 5)