By Susanna Moon
Chicago, July 28 - AB Svensk Exportkredit priced $11.5 million of 0% three-year mandatory callable soft commodity basket-linked notes via Citigroup Global Markets Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are due July 29, 2011. The underlying commodities are corn, soybeans and wheat.
If the price of each basket commodity is equal to or greater than its initial price on any semiannual mandatory redemption date, the notes will be called.
The redemption amount will be par plus 5% if the notes are called on Jan. 22, 2009, par plus 10% if called on July 22, 2009, par plus 15% if called on Jan. 22, 2010, par plus 20% if called on July 22, 2010, par plus 25% if called on Jan. 22, 2011 and par plus 30% if called on July 22, 2011.
If the notes are not called, the payout at maturity will be par.
Issuer: | AB Svensk Exportkredit
|
Issue: | Callable soft commodity basket-linked notes
|
Underlying commodities: | Corn, soybeans and wheat
|
Amount: | $11.5 million
|
Maturity: | July 29, 2011
|
Coupon: | 0%
|
Price: | Par
|
Call: | If commodity price is at or above its initial price on any redemption date
|
Payout at maturity: | Par
|
Initial prices: | $573 for corn, $1,385 for soybean and $787.75 for wheat
|
Pricing date: | July 24
|
Settlement date: | July 29
|
Agent: | Citigroup Global Markets Inc.
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.