Published on 12/10/2010 in the Prospect News Structured Products Daily.
New Issue: Nuveen, Merrill price $55.5 million more Elements tied to Rogers Agriculture for Svensk
By Jennifer Chiou
New York, Dec. 10-AB Svensk Exportkredit priced an additional $55.5 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index-Agriculture Total Return via Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The notes priced in 13 tranches: $5 million at 96.358, $3 million at 96.542, $5 million at 97.692, $3 million at 97.692, $6 million at 100.874, $5 million at 100.874, $5 million at 101.926, $4 million at 101.926, $10 million at 96.619, $2 million at 93.271, $2.5 million at 93.271, $3 million at 97.606 and $2 million at 97.792.
In total, the issuer has priced $663.5 million principal amount of the notes at prices ranging from 61.948 to 131.313. The original $4 million of the notes priced at par of $10 on Oct. 17, 2007.
The payout at maturity will be par plus the index return less an annual investor fee of 0.75%.
The notes are putable on weekly repurchase dates, subject to a minimum of $5 million of notes.
The notes are listed on NYSE Arca under the symbol "RJA."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index-Agriculture Total Return
|
| Amount: | $663.5 million, increased from $4 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10 for original $4 million; latest add-ons: $5 million at 96.358, $3 million at 96.542, $5 million at 97.692, $3 million at 97.692, $6 million at 100.874, $5 million at 100.874, $5 million at 101.926, $4 million at 101.926, $10 million at 96.619, $2 million at 93.271, $2.5 million at 93.271, $3 million at 97.606 and $2 million at 97.792
|
| Payout at maturity: | Par plus index return minus annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Initial index level: | 1,236.05
|
| Inception date: | Oct. 17, 2007 for original $4 million
|
| Settlement dates: | Oct. 24, 2007 for original $4 million; latest add-ons: Nov. 1 for $5 million, Nov. 3 for $3 million, Nov. 9 for $5 million and $3 million, Nov. 12 for $6 million and $5 million, Nov. 16 for $5 million and $4 million, Nov. 18 for $10 million, Nov. 30 for $2 million and $2.5 million, Dec. 7 for $3 million, Dec. 8 for $2 million
|
| Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Listing: | NYSE Arca: RJA
|
| Cusip: | 870297603
|
© 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.
