By Susanna Moon
Chicago, July 9 - AB Svensk Exportkredit priced $10 million of exchangeable commodity index-linked notes due Aug. 23, 2011 based on the performance of the Dow Jones-UBS Index - Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
Morgan Stanley & Co. Inc. is the agent.
The coupon is Libor minus 27 basis points, payable quarterly.
The payout at maturity will be par of $10,000 plus triple the sum of the index return minus the Treasury bill yield minus a fee of 0.17% per year.
The notes are putable, and the notes will be called if the index closes at 85% of its initial level or less.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Exchangeable commodity index-linked notes
|
| Underlying index: | Dow Jones-UBS Index - Total Return
|
| Amount: | $10 million
|
| Maturity: | Aug. 23, 2011
|
| Coupon: | Libor minus 27 bps, payable quarterly
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus 300% of the sum of the index return minus the T-bill yield minus a fee of 0.17% per year
|
| Put option: | Yes
|
| Call: | If index closes at 85% of its initial level or below; payout calculated in same way as at maturity
|
| Initial index level: | 254.8847
|
| Pricing date: | July 9
|
| Settlement date: | July 16
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Cusip: | 00254EKJ0
|
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