By Susanna Moon
Chicago, Oct. 3 - AB Svensk Exportkredit priced $14.6 million of commodity index linked notes due Nov. 20, 2009 linked to the Dow Jones-AIG Commodity Index Total Return via Merrill Lynch Commodities, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be Libor minus 30 basis points, with a minimum rate of 0%. Interest will be paid and reset quarterly.
Payout at maturity will be par plus triple the index return minus 20 bps annual fee minus the Treasury bill yield.
The notes will be automatically called if the index closes at or below 85% of the initial level from issue until Nov. 13, 2009. The redemption price will be calculated in the same way as the payout at maturity.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Commodity index-linked notes
|
| Underlying index: | Dow Jones-AIG Commodity Index Total Return
|
| Amount: | $14.6 million
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| Maturity: | Nov. 20, 2009
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| Coupon: | Libor minus 30 basis points, payable and reset quarterly
|
| Price: | Par
|
| Call: | If index closes at or below 85% of initial level from issue until Nov. 13, 2009
|
| Payout at maturity: | Par plus triple index return minus annual fee minus T-bill yield
|
| Pricing date: | Oct. 2
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| Settlement date: | Oct. 20
|
| Agent: | Merrill Lynch Commodities, Inc.
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