Published on 3/2/2016 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $21.6 million Accelerated Return Notes linked to Russell
By Susanna Moon
Chicago, March 2 – AB Svensk Exportkredit priced $21.6 million of 0% Accelerated Return Notes due April 28, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 17.7%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | Russell 2000 index
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Amount: | $21,597,610
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Maturity: | April 28, 2017
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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 17.7%; exposure to any losses
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Initial level: | 1,031.576
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Pricing date: | Feb. 25
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Settlement date: | March 3
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 01020G553
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