Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $59.79 million Accelerated Return Notes on Euro Stoxx
By Sarah Lizee
Olympia, Wash., May 29 – AB Svensk Exportkredit priced $59.79 million of 0% Accelerated Return Notes due July 26, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 23.13%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the underwriter.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $59,793,690
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Maturity: | July 26, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 23.13%; exposure to any index decline
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Initial level: | 3,521.76
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Final index level: | Average of index’s closing levels on five trading days ending July 23, 2019
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Pricing date: | May 24
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Settlement date: | June 1
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 01020G290
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