By Marisa Wong
Morgantown, W.Va., Oct. 6 – AB Svensk Exportkredit priced an additional $1.23 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index – Agriculture Total Return via BofA Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The $2 million principal amount of additional notes priced in two tranches: $1 million at 61.002 for proceeds of $610,020 and $1 million at 62.254 for proceeds of $622,540.
In total, the issuer has priced $1.13 billion principal amount of the notes at prices ranging from 49.167 to 131.313. 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 “RJA.”
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index – Agriculture Total Return
|
| Amount: | $1,130,750,000, increased from $4 million
|
| Proceeds: | $1,232,560 for latest $2 million principal amount
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10 for original $4 million; 61.002 for $1 million and 62.254 for $1 million in latest add-ons
|
| Payout at maturity: | Par plus index return minus annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Initial index level: | 1,236.05
|
| Inception date: | Oct. 17, 2007 for original $4 million
|
| Settlement dates: | Oct. 24, 2007 for original $4 million; Sept. 8 and Sept. 14 for latest add-ons
|
| Underwriter: | BofA Merrill Lynch
|
| Listing: | NYSE Arca: RJA
|
| Cusip: | 870297603
|
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