By Angela McDaniels
Tacoma, Wash., Feb. 10 - AB Svensk Exportkredit priced an additional $17 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Agriculture 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 notes priced in three tranches: $5 million at 79.65, $2 million at 79.98 and $10 million at 77.34.
In total, the issuer has priced $550 million of the notes at prices ranging from 61.948 to 131.313. The original $4 million of the 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 Tuesday of any week, subject to a minimum of $5 million of notes.
The notes are listed on NYSE Arca under the symbol "RJA."
Issuer: | AB Svensk Exportkredit
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Issue: | Elements
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Underlying index: | Rogers International Commodity Index - Agriculture Total Return
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Amount: | $550 million, increased from $4 million
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Maturity: | Oct. 24, 2022
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Coupon: | 0%
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Price: | Par for original $4 million; 79.65 for $5 million; 79.98 for $2 million; 77.34 for $10 million
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Payout at maturity: | Par plus index return minus annual investor fee of 0.75%
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Put option: | On Tuesdays subject to minimum of $5 million
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Initial index level: | 1,236.05
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Inception date: | Oct. 17, 2007 for original $4 million
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Settlement dates: | Oct. 24, 2007 for original $4 million; Jan. 13 for $5 million; Jan. 15 for $2 million; Jan. 19 for $10 million
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Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
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Listing: | NYSE Arca: RJA
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Cusip: | 870297603
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