By Jennifer Chiou
New York, Jan. 9 – AB Svensk Exportkredit priced another $399,495 of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Metals Total Return via Bank of America Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The $500,000 principal amount add-on priced at 79.899 for proceeds of $399,495.
In total, the company has sold $123.6 million of the notes. The original $4 million of 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 "RJZ."
Issuer: | AB Svensk Exportkredit
|
Issue: | Elements
|
Underlying index: | Rogers International Commodity Index - Metals Total Return
|
Amount: | $123.6 million, increased from $4 million
|
Maturity: | Oct. 24, 2022
|
Coupon: | 0%
|
Price: | Par for original $4 million; 79.899 for $500,000
|
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: | 2,317.83
|
Inception date: | Oct. 17, 2007 for original $4 million
|
Settlement dates: | Oct. 24, 2007 for original $4 million; Jan. 7 for $500,000
|
Underwriters: | Nuveen Investments, LLC and Bank of America Merrill Lynch
|
Listing: | NYSE Arca: RJZ
|
Cusip: | 870297405
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.