By Marisa Wong
Los Angeles, July 14 AB Svensk Exportkredit sold an additional $500,285 of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index Energy Total Return via BofA Securities Inc.
Between June 4 and July 5, Svensk issued $1 million principal amount of additional notes in two tranches. A $500,000 tranche priced at 49.838 for a total of $249,190, and a $500,000 tranche priced at 50.219 for a total of $251,095, according to a 424B3 filing with the Securities and Exchange Commission.
The original $4 million of notes priced at par of $10 on Oct. 17, 2007. Additional securities have been sold since the inception date at variable prices.
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 RJN.
| Issuer: | AB Svensk Exportkredit
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| Issue: | Elements
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| Underlying index: | Rogers International Commodity Index Energy Total Return
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| Original amount: | $4 million
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| Proceeds: | $500,285 for latest $1 million principal amount add-ons
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| Maturity: | Oct. 24, 2022
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| Coupon: | 0%
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| Prices: | Par for original $4 million; in latest add-ons, 49.838 for $500,000 and 50.219 for $500,000
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| Payout at maturity: | Par plus the index return less an investor fee of 0.75%
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| Put option: | On weekly repurchase dates subject to minimum of $5 million
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| Initial index level: | 1,166.22
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| Original pricing date: | Oct. 17, 2007
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| Original settlement date: | Oct. 23, 2007
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| Latest settlement dates: | June 13 for $500,000 and June 14 for $500,000
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| Underwriter: | BofA Securities Inc.
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| Listing: | NYSE Arca: RJN
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| Cusip: | 870297306
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