Published on 6/22/2006 in the Prospect News Convertibles Daily.
New Issue: Svensk Exportkredit sells $38.6 million notes linked to S&P 100, Russell 2000
By Jennifer Chiou
New York, June 22 - AB Svensk Exportkredit price a $38.624 million issue of enhanced outperformance notes due Jan. 6, 2009 linked to the S&P 100 and Russell 2000 indexes, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be based on the performance of the indexes, with the S&P 100 as the long index and the Russell 2000 as the short index. If the percentage increase of the long index exceeds that of the short index, holders will receive par plus triple the amount by which the long performance exceeds the short performance, capped at 57%.
Holders will participate fully in any decline determined according to the percentage by which the Russell 2000 outperforms the S&P 100.
Issuer: | AB Svensk Exportkredit
|
Issue: | Enhanced outperfomance notes
|
Underlying indexes | S&P 100, Russell 2000
|
Amount: | $38.624 million
|
Maturity: | Jan. 6, 2009
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple the amount by which the long performance exceeds the short performance, capped at 57%, if the percentage increase of the S&P 100 exceeds that of the Russell 2000; full participation in any decline determined according to the percentage by which the Russell 2000 outperforms the S&P 100
|
Initial long index level: | 573.12
|
Initial short index level: | 682.08
|
Pricing date: | June 21
|
Settlement date: | July 6
|
Underwriter: | Goldman, Sachs & Co.
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.