By Susanna Moon
Chicago, March 9 - AB Svensk Exportkredit priced an additional $5 million of 0% Elements due Oct. 24, 2022 based on the Rogers International Commodity Index - Energy 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 sold at 61.725 on March 8.
In total, the company has priced $106 million of the notes in 26 tranches at prices ranging from 43.927 to 169.365. The original $4 million of 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 Tuesday of any week, subject to a minimum of $5 million of notes.
The notes are listed on NYSE Arca under the symbol "RJN."
Issuer: | AB Svensk Exportkredit
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Issue: | Elements
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Underlying index: | Rogers International Commodity Index - Energy Total Return
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Amount: | $106 million, increased 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; 61.725 for $5 million
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Payout at maturity: | Par plus the index return less an investor fee of 0.75%
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Put option: | On Tuesdays subject to minimum of $5 million
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Initial index level: | 1,166.22
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Inception date: | Oct. 17, 2007 for original $4 million
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Settlement dates: | Oct. 23, 2007 for original $4 million; March 8 for $5 million
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Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
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Listing: | NYSE Arca: RJN
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Cusip: | 870297306
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