By Laura Lutz
Des Moines, Feb. 13 - AB Svensk Exportkredit priced $250 million of 0% Elements due Feb. 14, 2023 linked to the MLCX Grains 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 grains sector and for investment in commodities as an asset class. The index comprises futures contracts on corn, soybeans, soy meal and wheat.
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.
The securities were approved for listing on the American Stock Exchange under the symbol "GRU."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | MLCX Grains Index - Total Return
|
| Amount: | $250 million
|
| Maturity: | Feb. 14, 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
|
| Initial settlement date: | Feb. 14
|
| Agents: | Nuveen Investments, Merrill Lynch & Co.
|
| Listing: | Amex: GRU
|
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