By Angela McDaniels
Tacoma, Wash., March 31 - AB Svensk Exportkredit priced another $96 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Agriculture Total Return via Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
Of the $96 million, $6 million priced at 68.583, $5 million priced at 67.985, $10 million priced at 70.106, $15 million priced at 61.948 and $60 million priced at 69.264.
In total, the issuer has priced $409 million of the notes at prices ranging from 61.948 to 131.313. Originally, $4 million of the notes priced at par on Oct. 17, 2007.
The index represents the value of a basket of 20 agricultural 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 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 of 0.75% times the proportion of days elapsed.
Holders may put back the notes on weekly repurchase dates, subject to a minimum of $5 million of notes.
The notes are listed on the NYSE Arca under the symbol "RJA."
Issuer: | AB Svensk Exportkredit
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Issue: | Elements
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Underlying index: | Rogers International Commodity Index - Agriculture Total Return
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Amount: | $409 million, upsized from $4 million
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Maturity: | Oct. 24, 2022
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Coupon: | 0%
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Price: | Par for original $4 million; 68.583 (for $6 million); 67.985 (for $5 million); 70.106 (for $10 million); 61.948 ($15 million); 69.264 (for $60 million)
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Payout at maturity: | Par plus index return minus investor fee of 0.75% times proportion of days elapsed
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Put option: | On weekly repurchase dates
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Pricing date: | Oct. 17, 2007 for original $4 million
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Settlement dates: | Oct. 24, 2007 for original $4 million; March 20 for $6 million; March 24 for $5 million; March 27 for $5 million; March 30 for $5 million; March 31 for $75 million
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Agents: | Nuveen Investments and Merrill Lynch & Co.
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Listing: | NYSE Arca: RJA
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