By Angela McDaniels
Tacoma, Wash., Oct. 3 - AB Svensk Exportkredit priced an additional $68.89 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Total Return via BofA Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The $81.7 million principal amount of additional notes priced in several tranches at prices ranging from 83.004 to 85.665 for $68,885,373 of proceeds.
In total, the company has priced $1.45 billion principal amount of the notes 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, 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 "RJI."
Issuer: | AB Svensk Exportkredit
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Issue: | Elements
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Underlying index: | Rogers International Commodity Index - Total Return
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Amount: | $1,453,700,000, increased from $4 million
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Maturity: | Oct. 24, 2022
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Coupon: | 0%
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Price: | Par of $10 for original $4 million; 85.665 for $5 million; 84.799 for $41.7 million; 85.574 for $3 million; 83.745 for $6 million; 83.004 for $3 million; 84.008 for $8 million; 83.264 for $2 million; 83.292 for $7 million; 83.325 for $10 million
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Payout at maturity: | Par plus the index return less an annual investor fee of 0.75%
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Put option: | On weekly repurchase dates subject to minimum of $5 million
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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; Sept. 5 for $5 million; Sept. 10 for $37.7 million; Sept. 12 for $3 million; Sept. 20 for $6 million; Sept. 23 for $3 million; Sept. 24 for $8 million; Sept. 26 for $2 million; Oct. 2 for $7 million; Oct. 3 for $10 million
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Underwriter: | BofA Merrill Lynch
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Listing: | NYSE Arca: RJI
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Cusip: | 870297801
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