By Susanna Moon
Chicago, June 2 - AB Svensk Exportkredit sold an additional $5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Total Return via underwriters Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
Svensk sold the notes at 130.654 on May 30. This tranche brings the total deal size to $112.5 million.
Originally, $4 million of the notes priced at par on Oct. 17.
The index is a composite, dollar-based, total return index representing the value of a basket of commodities consumed in the global economy.
The payout at maturity will be par plus the index return, less an annual investor fee equal to 0.75% multiplied by the proportion of days elapsed.
The notes are putable on weekly repurchase dates. 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 "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Total Return
|
| Amount: | $112.5 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par (for $4 million); 130.654 (for $5 million)
|
| Payout at maturity: | Par plus the index return less an investor fee of 0.75% times the proportion of days elapsed
|
| Put: | On weekly repurchase dates
|
| Pricing date: | Oct. 17 (for original $4 million)
|
| Settlement dates: | Oct. 24 (for original $4 million); May 30 (for $5 million)
|
| Underwriters: | Nuveen Investments, Merrill Lynch & Co.
|
| Listing: | Amex: RJI
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