By Angela McDaniels
Tacoma, Wash., June 4 – AB Svensk Exportkredit priced an additional $$228,968 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.
Of the $300,000 principal amount of additional notes, $100,000 priced at 79.218 for $79,218 of proceeds and $200,000 priced at 74.875 for $149,750 of proceeds.
In total, the company has priced $29.1 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
|
| Issue: | Elements
|
| Underlying index: | MLCX Biofuels Index – Total Return
|
| Amount: | $29.1 million, increased from original $4 million
|
| Maturity: | Feb. 13, 2023
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; in latest add-ons, 79.218 for $100,000 and 74.875 for $200,000
|
| Payout at maturity: | Par plus the index return less annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates
|
| Inception date: | Feb. 5, 2008 for original $4 million
|
| Settlement dates: Feb. 11, 2008 for original issue; in latest add-ons, May 18 for $100,000 and June 2 for $200,000
|
| Underwriter: | BofA Merrill Lynch
|
| Listing: | NYSE Arca: FUE
|
| Cusip: | 870297199
|
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