Published on 10/3/2011 in the Prospect News Structured Products Daily.
New Issue: Merrill prices $7.29 million Accelerated Return Notes on platinum futures for Svensk
By Toni Weeks
San Diego, Oct. 3 - AB Svensk Exportkredit priced $7.29 million of 0% Accelerated Return Notes due Nov. 28, 2012 linked to the front-month platinum futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the underwriter.
The payout at maturity will be par of $10.00 plus triple any gain in the platinum futures contract, up to a cap of 21.45%.
Investors will be exposed to any losses.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Accelerated Return Notes
|
| Underlying commodity: | Front-month platinum futures contract
|
| Amount: | $7,290,480
|
| Maturity: | Nov. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any gain in the platinum futures contract, capped at 21.45%; exposure to losses
|
| Initial level: | 1,528.3
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 6
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 01019A617
|
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