By Angela McDaniels
Tacoma, Wash., March 9 - AB Svensk Exportkredit priced an additional $26 million of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - 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 nine tranches: $2 million at 71.577, $3 million at 73.397, another $3 million at 73.397, $2 million at 72.822, $5 million at 74.929, $5 million at 75.544, $2 million at 74.373, $2 million at 75.826 and $2 million at 75.831.
In total, the company has priced $615.5 million of the notes in 106 tranches at prices ranging from 53.494 to 137.809. 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 "RJI."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
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| Underlying index: | Rogers International Commodity Index - Total Return
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| Amount: | $615.5 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; 71.577 for $2 million; 73.397 for $6 million; 72.822 for $2 million; 74.929 for $5 million; 75.544 for $5 million; 74.373 for $2 million; 75.826 for $2 million; 75.831 for $2 million
|
| Payout at maturity: | Par plus the index return less an annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Initial index level: | 4,126.81
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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; Feb. 10 for $2 million; Feb. 18 for $6 million; Feb. 19 for $2 million; Feb. 23 for $5 million; March 2 for $5 million; March 3 for $2 million; March 8 for $2 million; March 10 for $2 million
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| Underwriters: | Nuveen Investments, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
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| Listing: | NYSE Arca: RJI
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| Cusip: | 870297801
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