By Angela McDaniels
Tacoma, Wash., Nov. 12 - AB Svensk Exportkredit priced $28 million of exchangeable commodity index-linked notes due Dec. 19, 2011 linked to the Dow Jones - UBS Index - Total Return via Morgan Stanley & Co. Inc., according to an FWP filing with the Securities and Exchange Commission.
The coupon is Libor minus 80 basis points. It is payable quarterly and cannot be less than zero.
The payout at maturity will be par of $10,000 plus triple the sum of the index return minus the Treasury bill yield minus a fee of 0.17% per year.
The notes are putable at any time, and they will be called if the index closes at or below 85% of its initial level.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Exchangeable commodity index-linked notes
|
| Underlying index: | Dow Jones - UBS Index - Total Return
|
| Amount: | $28 million
|
| Maturity: | Dec. 19, 2011
|
| Coupon: | Libor minus 80 bps; floor of zero; payable quarterly
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus 300% of sum of index return minus T-bill yield minus fee of 0.17% per year
|
| Put option: | At any time
|
| Call: | If index closes at or below 85% of initial level
|
| Initial index level: | 309.7048
|
| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 19
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Cusip: | 00254EKN1
|
© 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.
