By Angela McDaniels
Tacoma, Wash., June 1 - AB Svensk Exportkredit priced an additional $40 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Total Return via Nuveen Investments and Merrill Lynch & Co., according to a 424B3 filing with the Securities and Exchange Commission.
Of the $40 million, $30 million priced at 66.598, $5 million priced at 67.672 and $5 million priced at 68.263.
In total, the company has priced $370.5 million of the notes in 57 tranches at prices ranging from 53.494 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: | $370.5 million, upsized from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par (for original $4 million); 66.598 for $30 million; 67.672 for $5 million; 68.263 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
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| Inception date: | Oct. 17, 2007 for original $4 million
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| Settlement dates: | Oct. 24, 2007 for original $4 million; May 27 for $30 million; May 29 for $5 million; June 2 for $5 million
|
| Underwriters: | Nuveen Investments, Merrill Lynch & Co.
|
| Listing: | NYSE Arca: RJI
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