Published on 5/3/2011 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $3.62 million enhanced growth notes tied to iShares MSCI EAFE for Svensk
By Angela McDaniels
Tacoma, Wash., May 3 - AB Svensk Exportkredit priced $3.62 million of 0% enhanced growth securities with leveraged upside and buffered downside due Aug. 6, 2014 linked to the iShares MSCI EAFE index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any increase in the exchange-traded fund's share price, subject to a maximum return of 32%. Investors will receive par if the share price falls by 15% or less and will lose 1.17647% for every 1% that it declines beyond 15%.
Issuer: | AB Svensk Exportkredit
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Issue: | Enhanced growth securities with leveraged upside and buffered downside
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Underlying ETF: | iShares MSCI EAFE index fund
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Amount: | $3,617,000
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Maturity: | Aug. 6, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any fund gain, up to maximum return of 32%; par if fund falls by 15% or less; 1.17647% loss for every 1% decline beyond 15%
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Initial share price: | $63.46
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Pricing date: | April 29
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Settlement date: | May 6
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.25%
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Cusip: | 1019MAT5
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