New Issue: Merrill Lynch prices $121.8 million Accelerated Return Notes linked to S&P 500 for Svensk

By Angela McDaniels

Tacoma, Wash., Aug. 4 - AB Svensk Exportkredit priced $121.8 million of 0% Accelerated Return Notes due Oct. 2, 2009 linked to the S&P 500 index via Merrill Lynch & Co. and First Republic Securities Co., LLC, according to an 8-A12B filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 17.85%. Investors will be fully exposed to any index decline.

The company said it applied to list the notes on the American Stock Exchange under the symbol "SZI."

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$121.8 million
Maturity:	Oct. 2, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at maximum return of 17.85%; full exposure to any index decline
Initial index level:	1,284.26
Pricing date:	Aug. 4
Settlement date:	Aug. 8
Underwriters:	Merrill Lynch & Co. and First Republic Securities Co., LLC

© 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.