By Angela McDaniels
Tacoma, Wash., Dec. 1 - AB Svensk Exportkredit priced another $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - 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 70.033.
In total, the company has sold $152.5 million of the notes in 23 tranches at prices ranging from par to 137.809. The original $4 million of the notes priced on Oct. 17, 2007.
The index is a composite, dollar-based, total return index representing the value of a basket of commodities consumed in the global economy.
The payout at maturity will be par plus the index return, less an annual investor fee equal to 0.75% multiplied by the proportion of days elapsed.
The notes are putable on weekly repurchase dates, subject to a minimum of $5 million of notes.
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: | $152.5 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par (for original $4 million); 70.033 (for latest $5 million)
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
|
| Put option: | On weekly repurchase dates
|
| Pricing date: | Oct. 17, 2007 (for original $4 million)
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| Settlement dates: | Oct. 24, 2007 (for original $4 million); Nov. 17 (for latest $5 million)
|
| Underwriters: | Nuveen Investments, Merrill Lynch & Co.
|
| Listing: | Amex: RJI
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