By Angela McDaniels
Tacoma, Wash., Oct. 5 - AB Svensk Exportkredit priced an additional $7 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Agriculture Total Return via Nuveen Investments and Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The $7 million settled in two tranches: $2 million at 69.146 on Sept. 25 and $5 million at 69.501 on Oct. 5.
In total, the issuer has priced $468 million of the notes at prices ranging from 61.948 to 131.313. Originally, $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%.
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
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| Underlying index: | Rogers International Commodity Index - Agriculture Total Return
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| Amount: | $468 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; 69.146 for $2 million; 69.501 for $5 million
|
| Payout at maturity: | Par plus index return minus annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates
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| Inception date: | Oct. 17, 2007 for original $4 million
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| Settlement dates: | Oct. 24, 2007 for original $4 million; Sept. 25 for $2 million; Oct. 5 for $5 million
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| Underwriters: | Nuveen Investments and Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Listing: | NYSE Arca: RJA
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