Published on 8/2/2011 in the Prospect News Structured Products Daily.
New Issue: BofA Merrill prices $28.51 million Accelerated Return Notes on Rogers for Svensk
By Toni Weeks
San Diego, Aug. 2 - AB Svensk Exportkredit priced $28.51 million of 0% Accelerated Return Notes due Sept. 28, 2012 linked to the Rogers International Commodity Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the underwriter.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum return of 14.25%.
Investors will be exposed to any losses.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | Rogers International Commodity Index - Excess Return
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Amount: | $28,507,450
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Maturity: | Sept. 28, 2012
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 14.25%; exposure to any losses
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Initial level: | 3,049.43
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Pricing date: | July 28
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Settlement date: | Aug. 4
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 01019A740
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