Published on 7/30/2012 in the Prospect News Structured Products Daily.
New Issue: Merrill Lynch prices $25.29 million Accelerated Return Notes linked to gold for Svensk
By Angela McDaniels
Tacoma, Wash., July 30 - AB Svensk Exportkredit priced $25.29 million of 0% Accelerated Return Notes due Oct. 2, 2013 linked to the spot price of gold via Bank of America Merrill Lynch, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any percentage increase in the price of gold, subject to a maximum return of 17.43%. Investors will be exposed to any decline in the price of gold.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying commodity: | Gold
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Amount: | $25,289,240
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Maturity: | Oct. 2, 2013
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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 increase in gold price, up to maximum return of 17.43%; exposure to any decline in gold price
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Initial gold price: | $1,618
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Pricing date: | July 26
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Settlement date: | Aug. 2
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 01019A260
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