By Susanna Moon
Chicago, Oct. 3 – AB Svensk Exportkredit priced an additional $88,507 of 0% Elements due Feb. 13, 2023 linked to the MLCX Biofuels Index – Total Return via BofA Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The $100,000 principal amount add-on priced at 88.507 for proceeds of $88,507.
In total, the company has priced $28.7 million principal amount of the notes. The original $4 million of notes priced at par of $10 on Feb. 11, 2008.
The payout at maturity will be par plus the index return, less an annual investor fee of 0.75%.
The notes are putable on weekly repurchase dates. There is a minimum put requirement of $5 million of securities.
The notes are listed on NYSE Arca under the symbol "FUE."
| Issuer: | AB Svensk Exportkredit
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| Issue: | Elements
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| Underlying index: | MLCX Biofuels Index – Total Return
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| Amount: | $28.7 million, increased from original $4 million
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| Maturity: | Feb. 13, 2023
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| Coupon: | 0%
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| Price: | Par for original $4 million; 88.507 for latest $100,000
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| Payout at maturity: | Par plus the index return less annual investor fee of 0.75%
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| Put option: | On weekly repurchase dates
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| Inception date: | Feb. 5, 2008 for original $4 million
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| Settlement dates: | Feb. 11, 2008 for original issue; Sept. 5 for latest add-on
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| Underwriter: | BofA Merrill Lynch
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| Listing: | NYSE Arca: FUE
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| Cusip: | 870297199
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