By Angela McDaniels
Tacoma, Wash., Jan. 14 - AB Svensk Exportkredit sold an additional $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Agriculture Total Return via Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
The notes priced at 76.183.
In total, the company has sold $278 million of the notes in 45 tranches at prices ranging from 72.352 to 131.313. The original $4 million of the notes priced at par on Oct. 17, 2007.
The index represents the value of a basket of 20 agricultural 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.
The payout at maturity will be 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 on weekly repurchase dates, subject to a minimum of $5 million of notes.
The notes are listed on the NYSE Arca under the symbol "RJA."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Agriculture Total Return
|
| Amount: | $278 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par (for original $4 million); 76.183 (for latest $5 million)
|
| Payout at maturity: | Par plus index return minus investor fee of 0.75% times proportion of days elapsed
|
| Put option: | On weekly repurchase dates
|
| Pricing date: | Oct. 17, 2007 (for original $4 million)
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| Settlement dates: | Oct. 24, 2007 (for original $4 million); Jan. 12 (for latest $5 million)
|
| Agents: | Nuveen Investments and Merrill Lynch & Co.
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| Listing: | NYSE Arca: RJA
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