Published on 7/2/2012 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $5.35 million Accelerated Return Notes linked to silver via Merrill
By Toni Weeks
San Diego, July 2 - AB Svensk Exportkredit priced $5.35 million of 0% Accelerated Return Notes due Sept. 3, 2013 linked to the spot price of silver, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
The payout at maturity is par of $10.00 plus triple any gain in the price of silver, subject to a capped return of 30.76%.
Investors will be exposed to any losses.
Issuer: | AB Svensk Exportkredit
|
Issue: | Accelerated Return Notes
|
Underlying asset: | Silver spot price
|
Amount: | $5,353,720
|
Maturity: | Sept. 3, 2013
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any gain in silver price, capped at 30.76%; exposure to any losses
|
Initial level: | $26.81
|
Pricing date: | June 28
|
Settlement date: | July 6
|
Underwriter: | Bank of America Merrill Lynch
|
Fees: | 2%
|
Cusip: | 01019A310
|
© 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.