Published on 1/31/2011 in the Prospect News Structured Products Daily.
New Issue: Merrill prices $37.34 million Accelerated Return Notes on S&P Midcap 400 for Svensk
By Toni Weeks
San Diego, Jan. 31 - AB Svensk Exportkredit priced $37.34 million of 0% capped Accelerated Return Notes due March 30, 2012 based on the performance of the S&P MidCap 400 index via Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any gain in the index, subject to a maximum payment of 15.54%, or $11.554, per note. Investors will be fully exposed to any decline in the index.
Issuer: | AB Svensk Exportkredit
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P Midcap 400
|
Amount: | $37,343,780
|
Maturity: | March 30, 2012
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus three times the gain in the index, up to a cap of 15.54%; 1% loss for every 1% decline in the index
|
Initial index level: | 935.33
|
Pricing date: | Jan. 27
|
Settlement date: | Feb. 1
|
Underwriter: | Merrill Lynch & Co.
|
Fees: | 2%
|
Cusip: | 01019M314
|
© 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.