By Susanna Moon
Chicago, Jan. 12 - AB Svensk Exportkredit priced $10.35 million of 0% Capped Leveraged Index Return Notes due July 26, 2010 linked to the MSCI EAFE index via underwriters Merrill Lynch & Co. and First Republic Securities Co., LLC, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 23.5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
The issuer said it may apply to list the notes on the NYSE Arca under the symbol "MKE."
Issuer: | AB Svensk Exportkredit
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | MSCI EAFE
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Amount: | $10.35 million
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Maturity: | July 26, 2010
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, capped at 23.5%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,270.93
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Pricing date: | Jan. 8
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Settlement date: | Jan. 15
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Underwriters: | Merrill Lynch & Co. and First Republic Securities Co., LLC
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Fees: | 2%
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