By Marisa Wong
Morgantown, W.Va., Aug. 2 – AB Svensk Exportkredit sold another $832,920 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 $1.5 million principal amount of additional notes at 55.528 for proceeds of $832,920.
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, 2017
|
| Proceeds: | $832,920 for latest $1.5 million principal amount add-on
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Prices: | Par of $10 for original $4 million; $1.5 million at 55.528 in latest add-on
|
| 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; July 31 for latest $1.5 million add-on
|
| Underwriter: | BofA Merrill Lynch
|
| Listing: | NYSE Arca: RJI
|
| Cusip: | 870297801
|
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