By Angela McDaniels
Tacoma, Wash., Oct. 26 - AB Svensk Exportkredit priced $11.54 million of floating-rate notes due Nov. 20, 2012 linked to the DJ UBS E137 Total Return index via Goldman Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.
The interest rate is Libor minus 60 basis points. Interest is payable quarterly.
The payout at maturity will be par plus triple the sum of the index return minus the T-Bill yield minus a fee of 0.5% per year. The T-Bill yield will be the sum of the 91-day weekly auction high rates for U.S. Treasury bills for each day during the life of the notes.
The notes are putable at any time if requested by all holders, and the notes will be called if the index closes at or below 85% of its initial level.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Floating-rate notes
|
| Underlying index: | DJ UBS E137 Total Return index
|
| Amount: | $11.54 million
|
| Maturity: | Nov. 20, 2012
|
| Coupon: | Libor minus 60 bps; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the T-Bill yield minus a fee of 0.5% per year
|
| Put option: | At any time if requested by all holders
|
| Call: | Automatically if index closes at or below 85% of initial level
|
| Initial index level: | 625.6089
|
| Pricing date: | Oct. 25
|
| Settlement date: | Nov. 1
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 00254ELF7
|
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