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Svensk plans to price Accelerated Return Notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 24 – AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due December 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be 15% to 19% and will be set at pricing. If the index return is negative, investors will be exposed to the decline.
BofA Merrill Lynch is the agent.
The notes will price in October and settle in November.
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