Published on 8/2/2011 in the Prospect News Structured Products Daily.
New Issue: Merrill prices $16.33 million Accelerated Return Notes linked to copper for Svensk
By Susanna Moon
Chicago, Aug. 2 - AB Svensk Exportkredit priced $16.33 million of 0% Accelerated Return Notes due Oct. 11, 2012 linked to the price of copper, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
The payout at maturity is par of $10 plus triple any gain in the price of copper, up to a maximum payment of $12.088 per $10.00 note.
Investors will be fully exposed to any losses.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Accelerated Return Notes
|
| Underlying commodity: | Copper
|
| Amount: | $16,327,970
|
| Maturity: | Oct. 11, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of copper price gain, capped at 20.88%; exposure to losses
|
| Initial price: | $9,744.00
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 4
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 01019A773
|
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