By Marisa Wong
Morgantown, W.Va., April 26 – AB Svensk Exportkredit sold another $6,487,734 of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index – Total Return via BofA Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The issuer sold $11.8 million principal amount of additional notes in six tranches: $1.5 million at 54.676 for proceeds of $820,140; $2.7 million at 54.676 for proceeds of $1,476,252; $1 million at 55.218 for proceeds of $552,180; $3 million at 55.218 for proceeds of $1,656,540; $1.5 million at 55.382 for proceeds of $830,730; and $2.1 million at 54.852 for proceeds of $1,151,892.
The original $4 million principal amount of notes priced at par of $10 on Oct. 17, 2007. Additional securities have been sold since the inception date at variable pries.
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 “RJI.”
Issuer: | AB Svensk Exportkredit
|
Issue: | Elements
|
Underlying index: | Rogers International Commodity Index – Total Return
|
Initial amount: | $4 million
|
Outstanding amount: | $437.8 million as of Nov. 2
|
Proceeds: | $6,487,734 for latest $11.8 million principal amount of add-ons
|
Maturity: | Oct. 24, 2022
|
Coupon: | 0%
|
Prices: | Par of $10 for original $4 million; $1.5 million at 54.676, $2.7 million at 54.676, $1 million at 55.218, $3 million at 55.218, $1.5 million at 55.382 and $2.1 million at 54.852 in latest add-ons
|
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: | 4,126.81
|
Inception date: | Oct. 17, 2007 for original $4 million
|
Settlement dates: | Oct. 24, 2007 for original $4 million; March 7 for $1.5 million, March 8 for $2.7 million, March 9 for $1 million and $3 million, March 12 for $1.5 million and March 15 for $2.1 million in latest add-ons
|
Underwriter: | BofA Merrill Lynch
|
Listing: | NYSE Arca: RJI
|
Cusip: | 870297801
|
© 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.