By Jennifer Chiou
New York, Jan. 30 - AB Svensk Exportkredit priced $5 million of additional 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.
The notes priced between Jan. 9 and Jan. 29 at 58.8.
In total, the company has sold $217.5 million of the notes in 35 tranches at prices ranging from 55.934 to 137.809. The original $4 million of the notes priced at par on Oct. 17, 2007.
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, subject to a minimum of $5 million of notes.
The notes are listed on the NYSE Arca under the symbol "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index - Total Return
|
| Amount: | $217.5 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par (for original $4 million); 61.753 (for $5 million); 58.308 (for $5 million); 55.934 (for $5 million); 59.336 (for $5 million); 61.223 (for $5 million); 59.121 (for $5 million); 59.101 (for $10 million); 62.280 (for $5 million); 66.787 (for $5 million); 62.203 (for $5 million); 62.723 (for $5 million); 58.8 (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 option: | On weekly repurchase dates
|
| Pricing date: | Oct. 17, 2007 (for original $4 million)
|
| Settlement dates: | Oct. 24, 2007 (for original $4 million); Dec. 5 (for $5 million); Dec. 9 (for $5 million); Dec. 10 (for $5 million); Dec. 15 (for $5 million); Dec. 17 (for $5 million); Dec. 23 (for $5 million); Dec. 24 (for $10 million); Jan. 6 (for $5 million); Jan. 9 (for $5 million); Jan. 13 (for $5 million); Jan. 15 (for $5 million); Jan. 30 (for $5 million)
|
| Underwriters: | Nuveen Investments, Merrill Lynch & Co.
|
| Listing: | NYSE Arca: RJI
|
© 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.
