Published on 11/1/2011 in the Prospect News Structured Products Daily.
New Issue: Merrill prices $9.66 million Accelerated Return Notes on Dow-UBS Agriculture for Svensk
By Susanna Moon
Chicago, Nov. 1 - AB Svensk Exportkredit priced $9.66 million of 0% Accelerated Return Notes due Dec. 26, 2012 linked to the Dow Jones-UBS Agriculture Sub-Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the underwriter.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.77 per note.
Investors will be exposed to any losses.
Issuer: | AB Svensk Exportkredit
|
Issue: | Accelerated Return Notes
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Underlying index: | Dow Jones-UBS Agriculture Sub-Index - Excess Return
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Amount: | $9,663,110
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Maturity: | Dec. 26, 2012
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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 17.7%; exposure to losses
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Initial level: | 81.3603
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Pricing date: | Oct. 27
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Settlement date: | Nov. 3
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 01019A567
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