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Svensk plans Accelerated Return Notes linked to Euro Stoxx 50 index
By Marisa Wong
Madison, Wis., June 3 – AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due August 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, capped at 12% to 16%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price in June and settle in July.
BofA Merrill Lynch is the agent.
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