By Angela McDaniels
Tacoma, Wash., Nov. 5 - AB Svensk Exportkredit priced an additional $10 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Energy Total Return via Nuveen Investments and Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The notes settled in two tranches: $5 million at 60.993 on Oct. 19 and another $5 million at 61.615 on Oct. 20
In total, the company has sold $96 million of the notes in 21 tranches at prices ranging from 43.927 to 169.365. The original $4 million of notes priced at par on Oct. 17, 2007.
The index represents the value of a basket of six energy 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%.
The notes are putable on weekly repurchase dates. There is a minimum put requirement of $5 million of securities.
The notes are listed on the NYSE Arca under the symbol "RJN."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Energy Total Return
|
| Amount: | $96 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; 60.933 for $5 million; 61.615 for another $5 million
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75%
|
| Put option: | On weekly repurchase dates
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| Pricing date: | Oct. 17, 2007 for original $4 million
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| Settlement dates: | Oct. 24, 2007 for original $4 million; Oct. 19 for $5 million; Oct. 20 for another $5 million
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| Underwriters: | Nuveen Investments and Merrill Lynch, Pierce, Fenner & Smith Inc.
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| Listing: | NYSE Arca: RJN
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