By Marisa Wong
Madison, Wis., Nov. 22 - AB Svensk Exportkredit priced $3.11 million of 0% buffered index-linked notes due Nov. 7, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is at least 80% of the initial level, the payout at maturity will be $1,135 per $1,000 note.
If the index falls by more than 20%, investors will lose 1.25% for every 1% decline beyond 20%.
The initial index level of 1,220.13 is higher than the closing level at pricing, which was 1,215.65.
Goldman Sachs & Co. is the agent.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,108,000
|
| Maturity: | Nov. 7, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is at least 80% of initial level, $1,135 per note; 1.25% loss for every 1% decline beyond 20%
|
| Initial level: | 1,220.13
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 01019A468
|
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