By Susanna Moon
Chicago, Oct. 26 - AB Svensk Exportkredit issued an additional $4 million of 0% Elements due Oct. 24, 2022 linked on the Rogers International Commodity Index-Energy Total Return via Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The issuer sold $2 million of the notes at 58.691 on Oct. 8 and $2 million at 57.236 on Oct. 27.
In total, the company has priced $107 million of the notes in 27 tranches at prices ranging from 43.927 to 169.365. The original $4 million of notes priced at par of $10 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 NYSE Arca under the symbol "RJN."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Energy Total Return
|
| Amount: | $107 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; $2 million at 58.691, $2 million at 57.236
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Initial index level: | 1,166.22
|
| Inception date: | Oct. 17, 2007 for original $4 million
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| Settlement dates: | Oct. 23, 2007 for original $4 million; Oct. 8 for $2 million and Oct. 27 for $2 million
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| Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
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| Listing: | NYSE Arca: RJN
|
| Cusip: | 870297306
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