By Jennifer Chiou
New York, Feb. 6 - AB Svensk Exportkredit priced $250 million of 0% Elements due Feb. 13, 2023 linked to the MLCX Biofuels Index - Total Return via agents Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The index is designed to provide a benchmark for the biofuels sector and for investment in commodities as an asset class. The index comprises futures contracts on physical commodities that are either biofuels themselves or feedstock commonly used in the production of biofuels.
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 May 19, 2008, holders may put back the notes for repurchase on a weekly repurchase date. There is a minimum put requirement of $5 million of securities.
Application has been made to list the notes on the American Stock Exchange under the symbol "FUE."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | MLCX Biofuels Index - Total Return
|
| Amount: | $250 million
|
| Maturity: | Feb. 13, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the index return, less an investor fee of 0.75% times the proportion of days elapsed
|
| Put: | On weekly repurchase dates beginning May 19, 2008
|
| Inception date: | Feb. 5
|
| Settlement date: | Feb. 11
|
| Agents: | Nuveen Investments, Merrill Lynch & Co.
|
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