By Toni Weeks
San Diego, Aug. 26 - AB Svensk Exportkredit priced $1.78 million of 0% buffered basket-linked notes due Sept. 2, 2014 linked to an unequally weighted basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the MSCI AC World index with a 70% weight and the S&P 500 index with a 30% weight.
If the basket return is positive, the payout at maturity will be par plus the basket return, up to a maximum payment of $1,317.50 per $1,000 note.
Investors will receive par if the basket declines by up to 25% and will lose 1.3333% for every 1% drop beyond 25%.
The initial level for the MSCI AC World index is lower than the closing level, 298.93, on the pricing date, and the initial level for the S&P 500 index is lower than the closing level, 1,177.6, on the pricing date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Buffered basket-linked notes
|
| Underlying indexes: | MSCI AC World index with a 70% weight and S&P 500 with a 30% weight
|
| Amount: | $1.78 million
|
| Maturity: | Sept. 2, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket gains, par plus basket return, up to maximum payment of $1,317.50 per $1,000 principal amount; par if basket declines by up to 25%; 1.3333% loss for every 1% drop beyond 25%
|
| Initial levels: | 297.97 for MSCI AC World and 1,166.59 for S&P 500
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 01019A633
|
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