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