By Susanna Moon
Chicago, Jan. 9 - AB Svensk Exportkredit priced $57.1 million of 0% Accelerated Return Notes due March 24, 2010 linked to the S&P 500 index via Merrill Lynch & Co. 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 triple any index gain, up to a maximum return of 30.65%.
Investors will be exposed to any index decline.
The issuer said it may apply to list the notes on the NYSE Arca under the symbol "SPD."
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | S&P 500 index
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Amount: | $57.1 million
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Maturity: | March 24, 2010
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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 30.65%; exposure to losses
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Initial index level: | 906.65
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Pricing date: | Jan. 7
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Settlement date: | Jan. 15
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Underwriters: | Merrill Lynch & Co. and First Republic Securities Co., LLC
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Fees: | 2%
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