By Susanna Moon
Chicago, Sept. 5 AB Svensk Exportkredit priced another $1.5 million principal amount of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Energy Total Return via BofA Merill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The $2.1 million principal amount add-on priced at 69.385 for proceeds of $1,457,085.
In total the company has priced $218.45 million principal amount of the notes in 85 tranches at prices ranging from 43.927 to 169.365. 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 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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| Amount: | $220.55 million, increased from $4 million
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| Maturity: | Oct. 24, 2022
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| Coupon: | 0%
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| Prices: | Par for original $4 million; 69.385 for $2.1 million
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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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| Inception date: | Oct. 17, 2007 for original $4 million
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| Settlement dates: | Oct. 23 2007 for original $4 million; Aug. 15 for $2.1 million
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| Underwriters: | Nuveen Investments, LLC and BofA Merrill Lynch
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| Listing: | NYSE Arca: RJN
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| Cusip: | 870297306
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