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Svensk plans 14-month Accelerated Return Notes linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Aug. 1 – AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due October 2018 linked to the Russell 2000 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 11% to 15%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
The notes will price and settle in August.
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