By Laura Lutz
Des Moines, Feb. 13 - AB Svensk Exportkredit priced an additional $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Metals Total Return via agents Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
This tranche, which priced at 105.813, brings the total deal size to $10 million.
Originally, Svensk priced $4 million of notes at par on Oct. 17. Another $1 million priced at 101.651 on Nov. 7.
The index represents the value of a basket of 10 metals 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, ranging from agricultural to energy and metals products.
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 90 days after the issue date, 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 issue can be increased up to the maximum $250 million that has been registered.
The notes were approved for listing on the American Stock Exchange under the symbol "RJZ."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Metals Total Return
|
| Amount: | $10 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
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| Price: | Par of $10 for $4 million; 101.651 for $1 million; 105.813 for $5 million
|
| 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
|
| Pricing date: | Oct. 17 for $4 million; Nov. 7 for $1 million; Feb. 12 for $5 million
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| Settlement date: | Oct. 24 for $4 million; Nov. 13 for $1 million; Feb. 19 for $5 million
|
| Agents: | Nuveen Investments and Merrill Lynch & Co.
|
| Listing: | Amex: RJZ
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