Merrill plans 14-month Accelerated Return Notes on copper for Svensk

By Susanna Moon

Chicago, Feb. 9 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due April 2012 based on the spot price of copper, according to an FWP filing with the Securities and Exchange Commission.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

The payout at maturity will be par of $10 plus triple any gain in the price of copper, up to a maximum return of $12.40 to $12.80 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes will price in February and settle in March.

© 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.