By Angela McDaniels
Tacoma, Wash., Aug. 2 - AB Svensk Exportkredit priced another $877,690 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 $1 million principal amount of additional notes priced at 87.769 for $877,690 of proceeds.
In total, the company has sold $122.3 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: | $122.3 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par for original $4 million; 87.769 for latest $1 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
|
| Inception date: | Oct. 17, 2007 for original $4 million
|
| Settlement dates: | Oct. 24, 2007 for original $4 million; July 9 for latest $1 million
|
| Underwriters: | Nuveen Investments, LLC and Bank of America Merrill Lynch
|
| Listing: | NYSE Arca: RJZ
|
| Cusip: | 870297405
|
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