Published on 7/2/2013 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $4.26 million Accelerated Return Notes on commodity index
By Toni Weeks
San Luis Obispo, Calif., July 2 - AB Svensk Exportkredit priced $4.26 million of 0% Accelerated Return Notes due Sept. 3, 2014 linked to the Merrill Lynch Commodity index eXtra Precious Metals Plus - Excess Return, 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 15%.
Investors will be exposed to any losses.
BofA Merrill Lynch will be the agent.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | Merrill Lynch Commodity index eXtra Precious Metals Plus - Excess Return
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Amount: | $4,255,930
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Maturity: | Sept. 3, 2014
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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 15%; exposure to any losses
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Initial level: | 253.1338
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Pricing date: | June 27
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Settlement date: | July 5
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 01020G702
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