Published on 7/11/2016 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $20.39 million Accelerated Return Notes tied to Stoxx 50
By Marisa Wong
Morgantown, W.Va., July 11 – AB Svensk Exportkredit priced $20.39 million of 0% Accelerated Return Notes due Aug. 25, 2017 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 20.76%.
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
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Amount: | $20,394,110
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Maturity: | Aug. 25, 2017
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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 20.76%; exposure to any losses
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Initial level: | 2,780.10
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Pricing date: | July 7
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Settlement date: | July 13
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Underwriters: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 01020G496
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