Published on 9/27/2005 in the Prospect News Convertibles Daily.
New Issue: Svensk Exportkredit prices $14.88 million triple-up notes linked to Euro Stoxx 50
New York, Sept. 29 - AB Svensk Exportkredit priced $14.882 million triple-up appreciation index-linked notes due 2007 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
At maturity, holders receive triple the gain on the index, capped at a maximum of 121% of par. They participate fully in any decline.
Issuer: | AB Svensk Exportkredit
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Issue: | Triple-up appreciation index-linked notes
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Underlying index: | Dow Jones Euro Stoxx 50
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Amount: | $14.882 million
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Maturity: | May 11, 2007
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Coupon: | 0%
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Price: | 100
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Payout at maturity: | If index gains by more than 7%, 121% of par; if index gains by up to 7%, par plus triple appreciation of index; full participation in any decline in the index
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Pricing date: | Sept. 23
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Settlement date: | Sept. 29
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Underwriter: | Goldman, Sachs & Co.
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