Published on 2/27/2012 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $16.19 million Accelerated Return Notes tied to MSCI EAFE via Merrill
By Susanna Moon
Chicago, Feb. 27 - AB Svensk Exportkredit priced $16.19 million of 0% Accelerated Return Notes due April 26, 2013 linked to the MSCI EAFE index, 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 $10.00 plus triple any gain in the index, up to a maximum return of $12.19 per note.
Investors will be fully exposed to any index decline.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | MSCI EAFE
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Amount: | $16,188,540
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Maturity: | April 26, 2013
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 21.9%; 1% loss for every 1% decline
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Initial index level: | 1,559.01
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Pricing date: | Feb. 23
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Settlement date: | March 1
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 01019A385
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