Erik Penser offers Swedish investors double-digit returns with risk

The Equity Share Basket Flexo Notes aim to protect at least 90% of investors' original investment so long as no credit event occurs

Erik Penser has issued a five-year, partially protected product linked to a basket of four stocks and backed by Nordea Bank. The product is available in Sweden and pays a minimum of 90% of invested capital in addition to returns proportional to the multiplied increase of the underlying basket. The minimum 90% capital return at maturity will be paid regardless of the performance of the basket.

The weightings of each stock in the basket stay fixed for the duration of the deal. All four stocks have