By Angela McDaniels
Tacoma, Wash., Jan. 23 - AB Svensk Exportkredit priced an additional $9.5 million principal amount of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index - Energy Total Return via Nuveen Investments, LLC and Bank of America Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The additional notes settled in seven tranches at prices ranging from 66.789 to 69.416.
In total, the company has priced $184 million principal amount of the notes in 72 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, which could be positive or negative, 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 "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: | $184 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; 69.143 for $1 million; 67.262 for $1.5 million; 67.262 for $2.5 million; 67.262 for $1 million; 66.789 for $2 million; 69.416 for $1 million; 69.173 for $1 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 weekly repurchase dates 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; Dec. 12 for $1 million; Jan. 5 for $1.5 million; Jan. 5 for $2 million; Jan. 5 for $1 million; Jan. 6 for $2 million; Jan. 12 for $1 million; Jan. 13 for $1 million
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Underwriters: | Nuveen Investments, LLC and Bank of America Merrill Lynch
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Listing: | NYSE Arca: RJN
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Cusip: | 870297306
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