Published on 5/1/2017 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $15.14 million Accelerated Return Notes tied to Russell
By Wendy Van Sickle
Columbus, Ohio, May 1 – AB Svensk Exportkredit priced $15.14 million of 0% Accelerated Return Notes due June 29, 2018 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 index gain, up to a maximum return of 13%. Investors will lose 1% for each 1% decline.
Merrill Lynch & Co. is the underwriter.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | Russell 2000
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Amount: | $15,144,010
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Maturity: | June 29, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, capped at 13%; 1% loss for each 1% decline
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Initial level: | 1,417.127
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Final index level: Average of index’s closing levels on five trading days ending June 26, 2018
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Pricing date: | April 27
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Settlement date: | May 4
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Underwriter: | Merrill Lynch & Co.
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Fees: | 2%
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Cusip: | 01020G389
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