New Issue: Banc of America prices $2.41 million notes linked to WTI light sweet crude oil for Svensk

By Jennifer Chiou

New York, Aug. 29 - Banc of America Securities LLC priced a $2,414,000 issue of 0% notes due Aug. 31, 2010 linked to the WTI light sweet crude oil futures contract for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 128% of the increase in the index contract. Investors will receive at least par.

Issuer:	AB Svensk Exportkredit
Issue:	WTI-linked notes
Underlying asset:	WTI light sweet crude oil futures contract
Amount:	$2,414,000
Maturity:	Aug. 31, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 128% of the return on the index; floor of par
Initial index level:	71.73
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	Banc of America Securities LLC
Fees:	2%

© 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.