Merrill Lynch plans capped leveraged notes linked to Merrill Lynch Commodity eXtra Brent for Svensk

By Angela McDaniels

Tacoma, Wash., Feb. 9 - AB Svensk Exportkredit plans to price 18-month 0% Capped Leveraged Index Return Notes linked to the Merrill Lynch Commodity Index eXtra Brent 4-Series - Excess Return via Merrill Lynch & Co. and First Republic Securities Co., LLC, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return that is expected to be 39% to 43% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

The notes are expected to price in February or March, and the maturity date will fall in August or September of 2010.

© 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.