By Toni Weeks
San Diego, July 8 - AB Svensk Exportkredit priced an additional $5.5 million of 0% Elements due Feb. 13, 2023 linked to the MLCX Biofuels Index - Total Return via Nuveen Investments and Bank of America Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The notes settled in three tranches, specifically $3 million at 112.164 on May 10, $2 million at 108.707 on May 19 and $500,000 at 111.423 on May 23.
This brings the issue size to $20.5 million. The company originally issued $4 million of the notes at par of $10 on Feb. 11, 2008.
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. There is a minimum put requirement of $5 million of securities.
The notes are listed on the NYSE Arca under the symbol "FUE."
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | MLCX Biofuels Index - Total Return
|
| Amount: | $20.5 million, increased from original $4 million
|
| Maturity: | Feb. 13, 2023
|
| Coupon: | 0%
|
| Price: | Par for $4 million, 108.707 to 112.164 for latest add-ons
|
| Payout at maturity: | Par plus the index return, less annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates
|
| Inception date: | Feb. 5, 2008 for original $4 million
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| Settlement dates: | Feb. 11, 2008 for original $4 million; May 10 to May 23 for latest add-ons
|
| Underwriters: | Nuveen Investments and Bank of America Merrill Lynch
|
| Listing: | NYSE Arca: FUE
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