Published on 2/28/2011 in the Prospect News Structured Products Daily.
New Issue: Merrill prices $25.43 million Accelerated Return Notes on Industrial Select for Svensk
By Susanna Moon
Chicago, Feb. 28 - AB Svensk Exportkredit priced $25.43 million of 0% Accelerated Return Notes due April 27, 2012 linked to the Industrial Select Sector index via Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum payout of $11.642 per note.
Investors will be exposed to any losses.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Industrial Select Sector index
|
| Amount: | $25,429,850
|
| Maturity: | April 27, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 16.42%; exposure to any losses
|
| Initial index level: | 363.68
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 4
|
| Underwriter: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Fees: | 2%
|
| Cusip: | 01019M223
|
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