By Laura Lutz
Des Moines, May 2 - AB Svensk Exportkredit sold an additional $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Energy Total Return via agents Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.
This tranche priced at 131.686 and settled on April 17. It brings the total deal size to $15 million.
Originally, $4 million priced at par on Oct. 17. Another $1 million priced at 111.151 on Nov. 7, and $5 million priced at 118.403 on Feb. 25.
The offering can be increased up to the maximum $250 million that has been registered.
The index represents the value of a basket of six energy commodity futures contracts and is a sub-index of the Rogers International Commodity Index - Total Return, which is a composite, dollar-based, total return index launched by James B. Rogers on July 31, 1998, representing the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metals products.
At maturity, investors will receive par plus the index return, less an annual investor fee of 0.75% times the proportion of days elapsed.
Beginning 90 days after the issue date, holders may put back the notes for repurchase on a weekly repurchase date. There is a minimum put requirement of $5 million of securities.
The notes were approved for listing on the American Stock Exchange under the symbol "RJN."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
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| Underlying index: | Rogers International Commodity Index - Energy Total Return
|
| Amount: | $15 million (up from $4 million)
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| Maturity: | Oct. 24, 2022
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| Coupon: | 0%
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| Price: | Par of $10 (for $4 million); 111.151 (for $1 million); 118.403 (for $5 million); 131.686 (for $5 million)
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
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| Pricing date: | Oct. 17 (for $4 million); Nov. 7 (for $1 million); Feb. 25 (for $5 million)
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| Settlement date: | Oct. 24 (for $4 million); Nov. 13 (for $1 million); Feb. 29 (for $5 million); April 17 (for $5 million)
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| Agents: | Nuveen Investments and Merrill Lynch & Co.
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| Listing: | Amex: RJN
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