Wells Fargo to price enhanced notes linked to commodities for Svensk

By Toni Weeks

San Diego, March 3 - AB Svensk Exportkredit plans to price 0% enhanced growth securities with leveraged upside and fixed percentage buffered downside due Oct. 1, 2014 linked to a basket of commodities via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket components are crude oil, platinum, copper, corn and cotton.

The payout at maturity will be par plus any gain in the basket value multiplied by a participation rate of 110% to 120%. The exact participation rate will be set at pricing.

Investors will receive par if the index declines by 15% or less and will share in any losses beyond that buffer.

The notes are expected to price in March and settle in April.

© 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.