Published on 11/9/2015 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $81.44 million Accelerated Return Notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Nov. 9 – AB Svensk Exportkredit priced $81.44 million of 0% Accelerated Return Notes due Dec. 30, 2016 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 gain in the index, up to a maximum return of 16.41%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $81,435,890
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Maturity: | Dec. 30, 2016
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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 16.41%; exposure to any losses
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Initial level: | 3,413.39
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Pricing date: | Oct. 29
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Settlement date: | Nov. 5
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 01020G587
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