By Angela McDaniels
Tacoma, Wash., Feb. 5 - AB Svensk Exportkredit priced an additional $226,316 of 0% Elements due Feb. 13, 2023 linked to the MLCX Grains Index - Total Return via BofA Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The notes $400,000 principal amount of notes priced at 56.579.
In total, the company has priced $82.65 million principal amount of the notes. The original $4 million of the notes priced at par of $10 on Feb. 14, 2008.
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 "GRU."
Issuer: | AB Svensk Exportkredit
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Issue: | Elements
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Underlying index: | MLCX Grains Index - Total Return
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Amount: | $82.65 million, increased from $4 million
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Maturity: | Feb. 13, 2023
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Coupon: | 0%
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Price: | Par of $10 for original $4 million; 56.579 for latest $400,000
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Payout at maturity: | Par plus the index return less an annual 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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Inception date: | Feb. 5, 2008 for original $4 million
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Settlement dates: | Feb. 14, 2008 for original $4 million; Jan. 24 for latest add-on
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Underwriter: | BofA Merrill Lynch
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Listing: | NYSE Arca: GRU
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Cusip: | 870297199
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