By Susanna Moon
Chicago, March 16 - AB Svensk Exportkredit priced $12 million of notes due March 18, 2011 based on the performance of the S&P GSCI Official Close Index Total Return, according to an FWP with the Securities and Exchange Commission.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.
Interest is payable quarterly and equals Libor minus 27 basis points.
The payout at maturity will be par plus triple the sum of the index return minus the Treasury bill amount and less a fee of 0.37% per year.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Notes
|
| Underlying index: | S&P GSCI Official Close Index Total Return
|
| Amount: | $12 million
|
| Maturity: | April 26, 2011
|
| Coupon: | Libor minus 27 bps, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of the sum of the index return minus the T-bill amount less a fee
|
| Pricing date: | March 16
|
| Settlement date: | March 24
|
| Agent: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Cusip: | 00254EJT0
|
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