By Angela McDaniels
Tacoma, Wash., March 31 - AB Svensk Exportkredit priced an additional $7.5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Metals Total Return via Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
The notes priced at 64.277 and bring the issue size to $37.5 million. Originally, Svensk priced $4 million of notes at par on Oct. 17, 2007 and said it will price up to $250 million of the notes.
The index represents the value of a basket of 10 metals 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 for repurchase 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 "RJZ."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
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| Underlying index: | Rogers International Commodity Index - Metals Total Return
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| Amount: | $37.5 million, upsized from $4 million
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| Maturity: | Oct. 24, 2022
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| Coupon: | 0%
|
| Price: | Par (for $4 million); 101.651 (for $1 million); 105.813 (for $5 million); 113.481 (for $5 million); 118.47 (for $5 million); 117.682 (for $5 million); 114.038 (for $5 million); 64.277 (for $7.5 million)
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
|
| Call option: | On weekly repurchase dates; minimum of $5 million of securities
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| Inception date: | Oct. 17, 2007
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| Settlement dates: | Oct. 24, 2007 (for $4 million); Nov. 13, 2007 (for $1 million); Feb. 19, 2008 (for $5 million); Feb. 27, 2008 (for $5 million); March 5, 2008 (for $5 million); March 13, 2008 (for $5 million); March 26, 2008 (for $5 million); March 31 (for $7.5 million)
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| Underwriters: | Nuveen Investments and Merrill Lynch & Co.
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| Listing: | NYSE Arca: RJZ
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