New York, June 27 - AB Svensk Exportkredit priced $19.4 million of 0% Accelerated Return Notes due Aug. 28, 2009 linked to the S&P 100 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 plus triple any gain in the index, subject to a maximum return of 17.07%. Investors will be exposed to any index decline.
The notes will be listed on the American Stock Exchange under the symbol "ODY."
Merrill Lynch & Co. and First Republic Securities Company, LLC are underwriters.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P 100
|
| Amount: | $19.4 million
|
| Maturity: | Aug. 28, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at payout equal to 117.07% of par; full exposure to any index decline
|
| Initial index level: | 601.45
|
| Underwriters: | Merrill Lynch & Co. and First Republic Securities Company, LLC
|
| Pricing date: | June 25
|
| Settlement date: | July 7
|
| Fees: | 2%
|
| Listing: | Amex: ODY
|
© 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.
