By Jennifer Chiou
New York, Oct. 31 - AB Svensk Exportkredit sold an additional $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Energy Total Return via underwriters Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
The notes priced at 80.078.
In total, the company has sold $37.5 million of the notes in 10 tranches at prices ranging from par to 169.365. The original $4 million of the notes priced at par on Oct. 17, 2007.
The index represents the value of a basket of six energy 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, ranging from agricultural to energy and metals products.
The payout at maturity will be par plus the index return, less an annual investor fee of 0.75% times the proportion of days elapsed.
The notes are putable on weekly repurchase dates. 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 "RJN."
Issuer: | AB Svensk Exportkredit
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Issue: | Elements
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Underlying index: | Rogers International Commodity Index - Energy Total Return
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Amount: | $37.5 million, upsized from $4 million
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Maturity: | Oct. 24, 2022
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Coupon: | 0%
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Price: | 80.078 for latest $5 million
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Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
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Pricing dates: | Oct. 17, 2007 for original $4 million
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Settlement dates: | Oct. 24, 2007 for original $4 million; Oct. 30 for latest $5 million
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Underwriters: | Nuveen Investments and Merrill Lynch & Co.
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Listing: | Amex: RJN
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