By E. Janene Geiss
Philadelphia, Sept. 10 - AB Svensk Exportkredit sold an additional $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Energy Total Return via underwriters Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
The issuer sold $5 million of the notes at 59.348 on Aug. 20.
In total, the company has sold $81million of the notes in 19 tranches at prices ranging from 43.554 to 169.365. The original $4 million of the 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, ranging from agricultural to energy and metals products.
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.
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: | $81 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; in latest tranche, 59.348 for $5 million
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
|
| Pricing dates: | Oct. 17, 2007 for original $4 million
|
| Settlement dates: | Oct. 24, 2007 for original $4 million; Aug. 20 for latest tranche
|
| Underwriters: | Nuveen Investments and Merrill Lynch & Co.
|
| Listing: | NYSE Arca: RJN
|
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