Svensk pushes back pricing of Capped Leveraged Index Return Notes linked to MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Dec. 23 - AB Svensk Exportkredit's upcoming offering of 0% 18-month Capped Leveraged Index Return Notes linked to the MSCI EAFE index is now expected to price in January or February, according to an FWP filing with the Securities and Exchange Commission.

Originally, the notes were slated to price in December or January.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return that is expected to be 16% to 20% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines by more than 10%.

The issuer said it may apply to list the notes on NYSE Arca under the ticker symbol "MKE."

Merrill Lynch & Co. and First Republic Securities Co., LLC are the underwriters.

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