By Toni Weeks
San Diego, Sept. 4 - AB Svensk Exportkredit priced $17.48 million of 0% Accelerated Return Notes due Oct. 25, 2013 linked to the PHLX Oil Service Sector index, according to a 424B2 filing 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 24.24%.
Investors will be exposed to any losses.
The final index level is the average of the closing index levels on the five trading days ending Oct. 22, 2013.
Bank of America Merrill Lynch is the agent.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | PHLX Oil Service Sector
|
| Amount: | $17,480,310
|
| Maturity: | Oct. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 24.24%; exposure to any losses
|
| Initial level: | 220.31
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 7
|
| Underwriter: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 01019A245
|
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