Published on 3/28/2014 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $28.17 million Accelerated Return Notes tied to PHLX Oil
New York, March 28 - AB Svensk Exportkredit priced $28.17 million of 0% Accelerated Return Notes due May 29, 2015 tied to the PHLX Oil Service Sector Indexsm index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 15.51%. Investors will lose 1% for every 1% decline in the index.
Merrill Lynch & Co. is the underwriter.
Issuer: | AB Svensk Exportkredit
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Issue: | Accelerated Return Notes
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Underlying index: | PHLX Oil Service Sector Indexsm
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Amount: | $28,174,390
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Maturity: | May 29, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 15.51%; 1% loss for every 1% decline
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Initial index level: | 284.15
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Pricing date: | March 27
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Settlement date: | April 3
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Underwriters: | Merrill Lynch & Co.
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Fees: | 2%
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Cusip: | 01020G835
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