By Susanna Moon
Chicago, Aug. 6 - AB Svensk Exportkredit priced $6.5 million of floating-rate notes due Aug. 12, 2009 linked to the S&P Commodity Trends Indicator - Total Return via underwriter Lehman Brothers Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly. It accrues at a rate equal to one-month Libor minus 27 basis points.
Payout at maturity will be par plus triple any index gain, minus triple the realized Treasury bill amount and minus an annualized fee of 1.38% per year, with a minimum of 0.67%.
The notes will be automatically called if the index closes at or below 85% of its initial level, and holders may put their notes at any time. In both instances, the redemption amount will be determined in the same manner as the payout at maturity.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Floating-rate notes
|
| Underlying index: | S&P Commodity Trends Indicator - Total Return
|
| Amount: | $6.5 million
|
| Maturity: | Aug. 12, 2009
|
| Coupon: | One-month Libor minus 27 bps; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the index return, minus triple the realized Treasury bill amount and minus a fee of 1.38% per year
|
| Call: | If index closes at or below 85% of its initial level
|
| Put: | At any time
|
| Initial index level: | 1,687.153
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 11
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | None
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
