By Jennifer Chiou
New York, Nov. 9 - AB Svensk Exportkredit priced over two days another $9.5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Agriculture Total Return via agents Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The tranches bring the total issue size to $16 million.
A $5 million tranche of notes priced on Nov. 8 at 101.105, while $4.5 million of notes priced on Nov. 7 at 100.357.
Svensk priced $4 million of the notes at par on Oct. 17 and $2.5 million of notes at 100.782 on Oct. 31. The offering can be increased up to the maximum $250 million that has been registered.
The index represents the value of a basket of 20 agricultural commodity futures contracts and is a sub-index of the Rogers International Commodity Index - Total Return, which is a composite, dollar-based, total return index representing the value of a basket of commodities consumed in the global economy.
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 notes were approved for listing on the American Stock Exchange under the symbol "RJA."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Agriculture Total Return
|
| Amount: | $16 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par (for $4 million); 100.782 (for $2.5 million); 100.357 (for $4.5 million); 101.105 (for $5 million)
|
| 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 (for $4 million); Oct. 31 (for $2.5 million); Nov. 7 (for $4.5 million); Nov. 8 (for $5 million)
|
| Settlement date: | Oct. 24 (for $4 million); Nov. 6 (for $2.5 million); Nov. 13 (for $4.5 million); Nov. 14 (for $5 million)
|
| Agents: | Nuveen Investments and Merrill Lynch & Co.
|
| Listing: | Amex: RJA
|
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