By Angela McDaniels
Tacoma, Wash., Aug. 24 - AB Svensk Exportkredit priced an additional $10 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Total Return via Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The notes priced in four tranches: $2 million at 73.376, $2 million at 77.183, $2 million at 74.803 and $4 million at 74.336.
In total, the company has priced $662.5 million principal amount of the notes in 23 tranches at prices ranging from 53.494 to 137.809. The original $4 million of the notes priced at par of $10 on Oct. 17, 2007.
The payout at maturity will be par plus the index return less an annual investor fee of 0.75%.
The notes are putable on weekly repurchase dates, subject to a minimum of $5 million of notes.
The notes are listed on NYSE Arca under the symbol "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Total Return
|
| Amount: | $662.5 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10 for original $4 million; 73.376 for $2 million; 77.183 for $2 million; 74.803 for $2 million; 74.336 for $4 million
|
| Payout at maturity: | Par plus the index return less an annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Initial index level: | 4,126.81
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| Inception date: | Oct. 17, 2007 for original $4 million
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| Settlement dates: | Oct. 24, 2007 for original $4 million; July 30 for $2 million; Aug. 13 for $2 million; Aug. 18 for $2 million; Aug. 20 for $4 million
|
| Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
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| Listing: | NYSE Arca: RJI
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| Cusip: | 870297801
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