Published on 8/28/2008 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $6 million 95% principal-protected gold-linked notes for Svensk
By Susanna Moon
Chicago, Aug. 28 - AB Svensk Exportkredit priced $6 million of zero-coupon 95% principal-protected gold-linked notes due Aug. 28, 2009 via Citigroup Global Markets Inc., according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be $950 plus any increase in the price of gold. The payout will be capped at $1,150.
Investors will receive at least 95% of par.
Issuer: | AB Svensk Exportkredit
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Issue: | 95% principal-protected notes
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Underlying asset: | Gold
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Amount: | $6 million
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Maturity: | Aug. 28, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | $950 plus any gain in the price of gold, capped at $1,150 per note; floor of 95% of par
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Pricing date: | Aug. 26
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Settlement date: | Aug. 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.75%
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