By Angela McDaniels
Tacoma, Wash., June 1 - AB Svensk Exportkredit priced an additional $10 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.
Of the $10 million, $5 million priced at 68.034 and $5 million priced at 69.549.
In total, the company has sold $47.5 million of the notes. The original $4 million of notes priced at par on Oct. 17, 2007.
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
|
| Underlying index: | Rogers International Commodity Index - Metals Total Return
|
| Amount: | $47.5 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for $4 original million; 68.034 for $5 million; 69.549 for $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
|
| Inception date: | Oct. 17, 2007
|
| Settlement dates: | Oct. 24, 2007 for original $4 million; May 27 for $5 million; May 29 for $5 million
|
| Underwriters: | Nuveen Investments and Merrill Lynch & Co.
|
| Listing: | NYSE Arca: RJZ
|
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