By Toni Weeks
San Diego, Aug. 18 - AB Svensk Exportkredit priced $4.55 million of 0% leveraged buffered notes due Feb. 25, 2013 linked to an unequally weighted basket containing two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the MSCI EAFE index with a 33% weight and the S&P 500 index with a 67% weight.
The payout at maturity will be par plus 1.5 times the basket return, subject to a maximum redemption amount of $1,171 per $1,000 note.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Leveraged buffered basket-linked notes
|
| Underlying indexes: | MSCI EAFE index with a 33% weight and S&P 500 index with a 67% weight
|
| Amount: | $4.55 million
|
| Maturity: | Feb. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times basket return, subject to maximum payment of $1,171 per $1,000 note; par if basket falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
|
| Initial levels: | 1,529.79 for MSCI EAFE and 1,194.24 for S&P 500
|
| Pricing date: | Aug. 15
|
| Settlement date: | Aug. 22
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 0101A9716
|
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