Published on 4/1/2013 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $29.64 million Accelerated Return Notes on Euro Stoxx
New York, April 1 - AB Svensk Exportkredit priced $29.64 million of 0% Accelerated Return Notes due May 29, 2014 tied to the Euro Stoxx 50 Index index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 27.09%. Investors will lose 1% for every 1% decline in the index.
Merrill Lynch & Co. is the underwriter.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50 Index
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Amount: | $29,635,940
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Maturity: | May 29, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 27.09%; 1% loss for every 1% decline
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Initial index level: | 2,624.02
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Pricing date: | March 28
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Settlement date: | April 5
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Underwriters: | Merrill Lynch & Co.
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Fees: | 2%
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Cusip: | 01019A112
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