Published on 9/2/2008 in the Prospect News Structured Products Daily.
New Issue: Merrill Lynch sells $11 million Capped Leveraged notes linked to S&P BRIC 40 for Svensk
By Susanna Moon
Chicago, Sept. 2 - AB Svensk Exportkredit priced $11 million of zero-coupon Capped Leveraged Index Return Notes due Feb. 26, 2010 linked to the S&P BRIC 40 index via Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 23%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The issuer applied to list the notes on the NYSE Arca under the symbol "BTG."
Issuer: | AB Svensk Exportkredit
|
Issue: | Capped Leveraged Index Return Notes
|
Underlying index: | S&P BRIC 40 index
|
Amount: | $11 million
|
Maturity: | Feb. 26, 2010
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus double any index gain, capped at 23%; par if index falls by up to 10% and 1% loss for each 1% decline beyond 10%
|
Initial index level: | 2,514.29
|
Pricing date: | Aug. 28
|
Settlement date: | Sept. 9
|
Underwriters: | Merrill Lynch & Co., First Republic Securities Co., LLC
|
Fees: | 2%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.