New Issue: Svensk prices $38.82 million Accelerated Return Notes linked to gold via Merrill

By Susanna Moon

Chicago, April 2 - AB Svensk Exportkredit priced $38.82 million of 0% Accelerated Return Notes due June 4, 2013 linked to the spot price of gold, 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 price of gold, up to a maximum payment of $11.40 per note.

Investors will be exposed to any losses.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying asset:	Gold spot price
Amount:	$38,815,080
Maturity:	June 4, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any gain in gold price, capped at 14%; exposure to any losses
Initial level:	$1,657.50
Pricing date:	March 29
Settlement date:	April 4
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	01019A369

© 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.