By Susanna Moon
Chicago, Feb. 4 - AB Svensk Exportkredit priced $17.45 million of 0% Accelerated Return Notes due April 7, 2009 linked to the MSCI Emerging Markets index, according to an FWP filing with the Securities and Exchange Commission.
Merrill Lynch & Co. is the underwriter.
The payout at maturity will be par of $10 plus triple any gain in the index, capped at a return of 27.075%. If the index finishes below the initial level, investors will receive par minus the index decline.
Merrill Lynch said it applied to list the notes on the American Stock Exchange under the symbol "MIS."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | MSCI Emerging Markets
|
| Amount: | $17.45 million
|
| Maturity: | April 7, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any gain in the index, capped at a return of 27.075%; otherwise, par minus the index decline
|
| Initial index level: | 1,088.72
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 7
|
| Underwriter: | Merrill Lynch & Co.
|
| 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.
