By Susanna Moon
Chicago, Aug. 16 - AB Svensk Exportkredit priced $10.66 million of 0% buffered index-linked notes due Sept. 19, 2012 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 90% of the initial level, the payout at maturity will be $1,087 per $1,000 note.
If the index falls by more than 10%, investors will lose 1.1111% for every 1% decline beyond 10%.
The initial index level is lower than the closing level at pricing, which was 1,178.81.
Goldman Sachs & Co. is the agent.
Issuer: | AB Svensk Exportkredit
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $10.66 million
|
Maturity: | Sept. 19, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is at least 90% of initial level, $1,087; 1.1111% loss for every 1% decline beyond 10%
|
Initial level: | 1,177.15
|
Pricing date: | Aug. 12
|
Settlement date: | Aug. 19
|
Agent: | Goldman Sachs & Co.
|
Fees: | 0.25%
|
Cusip: | 01019A674
|
© 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.