By Angela McDaniels
Tacoma, Wash., Sept. 15 - AB Svensk Exportkredit priced an additional $3 million principal amount of 0% Elements due Feb. 13, 2023 linked to the MLCX Grains Index - Total Return via Nuveen Investments, LLC and Bank of America Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The notes settled in four tranches: $1 million at 65.020 on July 11, $500,000 at 70.418 on July 26, $500,000 at 72.894 on Aug. 25 and $1 million at 77.147 on Sept. 6.
In total, the company has priced $73.25 million principal amount of the notes in 42 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, which could be positive or negative, 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 "GRU."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | MLCX Grains Index - Total Return
|
| Amount: | $73.25 million, increased from $4 million
|
| Maturity: | Feb. 13, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10 for $4 million; 65.020 for $1 million; 70.418 for $500,000; 72.894 for $500,000; 77.147 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; July 11 for $1 million; July 26 for $500,000; Aug. 25 for $500,000; Sept. 6 for $1 million
|
| Underwriters: | Nuveen Investments, LLC and Bank of America Merrill Lynch
|
| Listing: | NYSE Arca: GRU
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| Cusip: | 870297199
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