By Susanna Moon
Chicago, Dec. 10 - AB Svensk Exportkredit priced another $8 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Metals Total Return via Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B3 filing with the Securities and Exchange Commission.
Svensk sold $1 million of the notes at 113.825 on Oct. 29, $2 million of the notes at 111.963 on Nov. 4, $2 million of the notes at 112.586 on Nov. 9, $1 million of the notes at 120.178 on Nov. 16 and $2 million of the notes at 114.339 on Nov. 18.
In total, the company has sold $87 million of the notes. The issuer priced the original $4 million of notes at par of $10 on Oct. 17, 2007.
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, 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: | $87 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; 113.825 for $1 million; 111.963 for $2 million; 112.586 for $2 million; 120.178 for $1 million and 114.339 for $2 million
|
| 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
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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; Oct. 29 for $1 million, Nov. 4 for $2 million, Nov. 9 for $2 million, Nov. 16 for $1 million and Nov. 18 for $2 million
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| Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
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| Listing: | NYSE Arca: RJZ
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| Cusip: | 870297405
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