By Angela McDaniels
Tacoma, Wash., Dec. 1 - AB Svensk Exportkredit sold an additional $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Agriculture Total Return via Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
The notes were priced at 72.352 and bring the total issue size to $273 million.
Originally, $4 million of the notes priced at par on Oct. 17, 2007. Svensk has sold additional notes in 43 tranches at prices ranging from 99.899 to 131.313.
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.
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.
Holders may put back the notes on weekly repurchase dates, subject to a minimum of $5 million of notes.
The notes are listed 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: | $273 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par (for original $4 million); 72.352 (for latest $5 million)
|
| Payout at maturity: | Par plus index return minus investor fee of 0.75% times 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)
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| Agents: | Nuveen Investments and Merrill Lynch & Co.
|
| Listing: | Amex: RJA
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