By Laura Lutz
Des Moines, Feb. 13 - AB Svensk Exportkredit priced $10 million additional 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Total Return in two tranches via Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Svensk priced $5 million of the notes at 109.047 on Feb. 5 and $5 million at 109.561 on Feb. 7. These tranches bring the total deal size to $57.5 million.
Previously, Svensk priced $4 million of the notes at par on Oct. 17, $2.5 million at 104.501 on Oct. 31, $5 million at 103.142 on Nov. 29, $6 million at 101.895 on Dec. 4, $5 million at 101.426 on Dec. 5, $5 million at 104.550 on Dec. 20, $5 million at 110.628 on Jan. 3, $4 million at 108.039 on Jan. 7, $5 million at 105.962 on Jan. 22 and $6 million at 109.684 on Feb. 4.
The offering can be increased up to the maximum $250 million that has been registered.
The index is a composite, dollar-based, total return index representing the value of a basket of commodities consumed in the global economy.
At maturity, investors will receive 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 for repurchase on a weekly repurchase date. 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 "RJI."
| Issuer: | AB Svensk Exportkredit
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| Issue: | Elements
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| Underlying index: | Rogers International Commodity Index - Total Return
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| Amount: | $57.5 million, upsized from $4 million
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| Maturity: | Oct. 24, 2022
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| Coupon: | 0%
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| Price: | Par for $4 million; 104.501 for $2.5 million; 103.142 for $5 million; 101.895 for $6 million; 101.426 for $5 million; 104.550 for $5 million; 110.628 for $5 million; 108.039 for $4 million; 105.962 for $5 million; 109.684 for $6 million; 109.047 for $5 million; 109.561 for $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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| Put: | On weekly repurchase dates
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| Pricing dates: | Oct. 17 for $4 million; Oct. 31 for $2.5 million; Nov. 29 for $5 million; Dec. 4 for $6 million; Dec. 5 for $5 million; Dec. 20 for $5 million; Jan. 3 for $5 million; Jan. 7 for $4 million; Jan. 22 for $5 million; Feb. 4 for $6 million; Feb. 5 for $5 million; Feb. 7 for $5 million
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| Settlement dates: | Oct. 24 for $4 million; Nov. 6 for $2.5 million; Dec. 5 for $5 million; Dec. 10 for $6 million; Dec. 11 for $5 million; Dec. 27 for $5 million; Jan. 9 for $5 million; Jan. 11 for $4 million; Jan. 28 for $5 million; Feb. 8 for $6 million; Feb. 14 for $10 million
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| Agents: | Nuveen Investments, Merrill Lynch & Co.
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| Listing: | Amex: RJI
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