On 11 December 1988, Nacional eventually claimed the Intercontinental Cup, beating PSV Eindhoven in a penalty shootout that reached a total of 20 kicks.
Playing before a crowd of 62,000 at the National Stadium in Tokyo, the Copa Libertadores champions went up in the 7th minute with a powerful header from Uruguayan midfielder Santiago Ostolaza off a corner kick. They held onto their lead until the 75th minute, when PSV's Brazilian striker Romário delivered an equalizer with a header of his own.
Level at 1-1 after 90 minutes, the match went to extra time, where PSV took the lead with a 110th-minute penalty kick from center back Ronald Koeman, who sent his shot straight down the middle. But nine minutes later, with PSV looking almost certain to win, Ostolaza struck again with another header to send the match into penalty kicks.
Penalty kicks had been kind to PSV earlier in the year, as they topped Benfica in the European Cup 0-0 (6-5). But after five kicks each, the two teams were still level, having converted three each. After Ostolaza converted the ninth kick for Nacional to stay level at 6-6, PSV right back Barry van Aerle missed his kick, opening the door for the Uruguayans, who won 2-2 (7-6) after Tony Gómez converted his attempt.