Published on 4/6/2015 in the Prospect News Structured Products Daily.
New Issue: BofA Merrill Lynch prices $2.89 million more Elements linked to Rogers Energy for Svensk
By Angela McDaniels
Tacoma, Wash., April 6 AB Svensk Exportkredit priced $2.89 million of additional 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index Energy Total Return via BofA Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The $7.5 million total principal amount of additional notes were sold at prices ranging from 35.417 to 39.286 for $2,886,820 of overall proceeds.
In total, the company has priced $255.95 million principal amount of the notes at prices ranging from 34.404 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
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index Energy Total Return
|
| Amount: | $255.95 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Prices: | Par for original $4 million; in latest add-ons, 39.286 for $4 million, 39.131 for $2 million, 35.417 for $1 million and 35.718 for $500,000
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Initial index level: | 1,166.22
|
| Inception date: | Oct. 17, 2007 for original $4 million
|
| Settlement dates: Oct. 23 2007 for original $4 million; in latest add-ons, March 5 for $4 million, March 10 for $2 million, March 19 for $1 million and March 30 for $500,000
|
| Underwriters: | Nuveen Investments, LLC and BofA Merrill Lynch
|
| Listing: | NYSE Arca: RJN
|
| Cusip: | 870297306
|
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