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Svensk to price Accelerated Return Notes linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., May 22 – AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due July 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, subject to a maximum return that is expected to be between 12% and 16% and will be set at pricing. Investors will lose 1% for each 1% index decline.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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