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Wells Fargo to price enhanced notes linked to commodities for Svensk
By Toni Weeks
San Diego, Jan. 20 - AB Svensk Exportkredit plans to price 0% enhanced growth securities with leveraged upside and buffered downside due Feb. 2, 2015 linked to a basket of commodities via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the following five commodities, each weighted at 20%: crude oil, platinum, copper, corn and cotton.
The payout at maturity will be par plus any gain in the basket value multiplied by a participation rate of 120% to 140%. The exact participation rate will be set at pricing.
Investors will receive par if the basket declines by 15% or less and will share in any losses beyond that buffer.
The notes will price on Jan. 26 and settle on Jan. 31.
Stockholm-based AB Svensk Exportkredit is an international financing company.
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