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Published on 10/28/2019 in the Prospect News Structured Products Daily.

New Issue: Svensk prices $14.56 million Accelerated Return Notes tied to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Oct. 28 – AB Svensk Exportkredit priced $14.56 million of 0% Accelerated Return Notes due Dec. 24, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 18.63%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the underwriter.

Issuer:AB Svensk Exportkredit
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50
Amount:$14,558,900
Maturity:Dec. 24, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at 18.63%; exposure to any index decline
Initial level:3,621.37
Final level:Average of index’s closing levels on five trading days ending Dec. 21, 2020
Pricing date:Oct. 24
Settlement date:Oct. 31
Underwriters:BofA Securities, Inc.
Fees:2%
Cusip:01020G215

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