By Susanna Moon
Chicago, Aug. 16 - AB Svensk Exportkredit priced $6.54 million of 0% buffered index-linked notes due Oct. 15, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,200 per $1,000 principal amount.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
The initial index level is lower than the closing level at pricing, which was 1,178.81.
Goldman Sachs & Co. is the agent.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,537,000
|
| Maturity: | Oct. 15, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 20%; par if index falls by up to 20%; 1.25% loss per 1% drop beyond 20%
|
| Initial level: | 1,172.79
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 19
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 01019A658
|
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