By Angela McDaniels
Tacoma, Wash., April 13 - AB Svensk Exportkredit priced an additional $17 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity 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 seven tranches: $5 million at 75.723, another $2 million at 75.723, $3 million at 75.944, $3 million at 75.544, $1 million at 75.816, $2 million at 76.040 and $1 million at 78.244.
In total, the company has priced $632.5 million of the notes in 113 tranches at prices ranging from 53.494 to 137.809. 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 weekly repurchase dates, subject to a minimum of $5 million of notes.
The notes are listed on NYSE Arca under the symbol "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Total Return
|
| Amount: | $632.5 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10 for original $4 million; 75.723 for $7 million; 75.944 for $3 million; 75.544 for $3 million; 75.816 for $1 million; 76.040 for $2 million; 78.244 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
|
| Initial index level: | 4,126.81
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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; March 18 for $7 million; March 22 for $3 million; March 29 for $3 million; April 6 for $1 million; April 7 for $2 million; April 12 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: RJI
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| Cusip: | 870297801
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