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Svensk pushes back pricing of Capped Leveraged Index Return Notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Dec. 23 - AB Svensk Exportkredit's upcoming offering of 0% 18-month Capped Leveraged Index Return Notes linked to the Russell 2000 index is now expected to price in January or February, according to an FWP filing with the Securities and Exchange Commission.
The notes were originally expected to price in December or January.
The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return that is expected to be 27% to 31% and will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
The issuer said it may apply to list the notes on NYSE Arca under the symbol "RFW."
Merrill Lynch & Co. and First Republic Securities Co., LLC are the underwriters.
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