New Issue: Merrill prices $42.7 million Accelerated Return Notes linked to Nasdaq 100 for Svensk

By Jennifer Chiou

New York, Aug. 29 - AB Svensk Exportkredit priced $42.7 million of 0% Accelerated Return Notes due Oct. 30 2009 linked to the Nasdaq 100 index via Merrill Lynch & Co. and First Republic Securities Co., LLC, according to a 424B2 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 21.45%. Investors will share in any index decline.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying index:	Nasdaq 100
Amount:	$42.7 million
Maturity:	Oct. 30, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at return of 21.45%; full exposure to any losses
Initial index level:	1,900.30
Pricing date:	Aug. 27
Settlement date:	Sept. 9
Underwriters:	Merrill Lynch & Co., First Republic Securities Co., LLC
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.