Published on 5/2/2011 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $5.16 million enhanced growth securities linked to S&P 500 for Svensk
By Toni Weeks
San Diego, May 2 - AB Svensk Exportkredit priced $5.16 million of 0% enhanced growth securities with capped upside due May 7, 2012 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.75 times any gain in the index, subject to a maximum payment of $1,120 per security.
Investors will share fully in losses if the index declines.
Issuer: | AB Svensk Exportkredit
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Issue: | Enhanced growth securities with capped upside
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Underlying: | S&P 500 index
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Amount: | $5,157,000
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Maturity: | May 7, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.75 times any gain in index, subject to maximum payment of $1,120 per $1,000 security; full exposure to losses
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Initial level: | 1,360.48
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Pricing date: | April 28
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Settlement date: | May 5
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Agent: | Wells Fargo Securities, LLC
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Fees: | 1.5%
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Cusip: | 01019MAR9
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