By Angela McDaniels
Tacoma, Wash., Feb. 10 - AB Svensk Exportkredit priced an additional $3 million of 0% Elements due Feb. 13, 2023 linked to the MLCX Grains Index - 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 two tranches: $2 million at 53.926 and $1 million at 49.445.
In total, the company has priced $33 million of the notes in 17 tranches. The original $4 million of the notes priced at par of $10 on Feb. 14, 2008.
The payout at maturity will be par plus the index return, less an annual investor fee of 0.75%.
Holders may put back the notes for repurchase on weekly repurchase dates. There is a minimum put requirement of $5 million of notes.
The notes are listed on NYSE Arca under the symbol "GRU."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | MLCX Grains Index - Total Return
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| Amount: | $33 million, increased from $4 million
|
| Maturity: | Feb. 13, 2023
|
| Coupon: | 0%
|
| Price: | Par for $4 million; 53.926 for $2 million; 49.445 for $1 million
|
| Payout at maturity: | Par plus the index return, less an annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Inception date: | Feb. 5, 2008 for original $4 million
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| Settlement dates: | Feb. 14, 2008 for original $4 million; Jan. 21 for $2 million; Feb. 9 for $1 million
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| Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
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| Listing: | NYSE Arca: GRU
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| Cusip: | 870297199
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