Published on 7/2/2012 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $9.44 million Accelerated Return Notes on MSCI EAFE index
By Toni Weeks
San Diego, July 2 - AB Svensk Exportkredit priced $9.44 million of 0% Accelerated Return Notes due Aug. 30, 2013 linked to the MSCI EAFE index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 23.1%.
Investors will be exposed to any losses.
Bank of America Merrill Lynch will be the agent.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | MSCI EAFE index
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Amount: | $9,437,240
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Maturity: | Aug. 30, 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 23.1%; exposure to any losses
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Initial level: | 1,373.62
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Pricing date: | June 28
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Settlement date: | July 6
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Underwriter: | Bank of America Merrill Lynch
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Fees: | 2%
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Cusip: | 01019A294
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