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Merrill Lynch to price capped leveraged notes tied to corn for Svensk
By Angela McDaniels
Tacoma, Wash., Feb. 8 - AB Svensk Exportkredit plans to price 9.5-month 0% Capped Leveraged Index Return Notes linked to the front-month corn futures contract via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any increase in the price of the futures contract, subject to a maximum return of 35% to 39% that will be set at pricing. Investors will receive par if the price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes will price in February or March.
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