By Angela McDaniels
Tacoma, Wash., Nov. 5 - AB Svensk Exportkredit priced an additional $44 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Total Return via Nuveen Investments and Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The additional notes settled in 10 tranches: $5 million at 69.093 on Oct. 9, $5 million and $2 million both at 73.507 on Oct. 19, $5 million at 74.082 on Oct. 20, $2 million at 75.008 on Oct. 21, $5 million at 75.455 on Oct. 22, $5 million at 76.586 on Oct. 23, $5 million at 78.057 on Oct. 28, $5 million at 76.102 on Oct. 30 and $5 million at 76.260 on Nov. 9.
In total, the company has priced $495.5 million of the notes in 81 tranches at prices ranging from 53.494 to 137.809. The original $4 million of the notes priced at par on Oct. 17, 2007.
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, subject to a minimum of $5 million of notes.
The notes are listed on the NYSE Arca under the symbol "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Total Return
|
| Amount: | $495.5 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; 69.093 for $5 million; 73.507 for $7 million; 74.082 for $5 million; 75.008 for $2 million; 75.455 for $5 million; 76.586 for $5 million; 78.057 for $5 million; 76.102 for $5 million; 76.260 for $5 million
|
| Payout at maturity: | Par plus the index return less an annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates
|
| Inception date: | Oct. 17, 2007 for original $4 million
|
| Settlement dates: | Oct. 24, 2007 for original $4 million; Oct. 9 for $5 million; Oct. 19 for $7 million; Oct. 20 for $5 million; Oct. 21 for $2 million; Oct. 22 for $5 million; Oct. 23 for $5 million; Oct. 28 for $5 million; Oct. 30 for $5 million; Nov. 9 for $5 million
|
| Underwriters: | Nuveen Investments and Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Listing: | NYSE Arca: RJI
|
© 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.
