Published on 1/2/2018 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $21.19 million Accelerated Return Notes linked to Russell
By Marisa Wong
Morgantown, W.Va., Jan. 2 – AB Svensk Exportkredit priced $21.19 million of 0% Accelerated Return Notes due Feb. 22, 2019 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 11.55%. 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: | Russell 2000
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Amount: | $21,189,960
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Maturity: | Feb. 22, 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 11.55%; exposure to any index decline
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Initial level: | 1,547.107
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Final index level: | Average of index’s closing levels on five trading days ending Feb. 19, 2019
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Pricing date: | Dec. 21
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Settlement date: | Dec. 29
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 01020G314
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