By Angela McDaniels
Seattle, Oct. 18 - AB Svensk Exportkredit priced $4 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index -Total Return via agents Nuveen Investments and Merrill Lynch & Co.
The index is a composite, dollar-based, total return index launched by James B. Rogers on July 31, 1998, representing the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metals products.
At maturity, investors will receive par plus the index return, less an annual investor fee of 0.75% times the proportion of days elapsed.
Beginning 90 days after the issue date, holders may put back the notes for repurchase on a weekly repurchase date. There is a minimum put requirement of $5 million of securities.
The $4 million is the initial offering and can be increased up to the maximum $250 million that has been registered.
The notes were approved for listing on the American Stock Exchange under the symbol "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index -Total Return
|
| Amount: | $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 24
|
| Agents: | Nuveen Investments and Merrill Lynch & Co.
|
| Listing: | Amex: RJI
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