By Marisa Wong
Los Angeles, Jan. 10 – AB Svensk Exportkredit priced an additional $2.13 million of 0% Elements due Feb. 14, 2023 linked to the ICE BofAML Commodity index eXtra (GRains) – Total Return via BofA Securities, Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The $4 million principal amount of additional notes priced at 53.217 for total proceeds of $2,128,680. The add-on notes settled on Dec. 29.
The original $4 million principal amount of notes priced at par of $10 on Feb. 11, 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: | ICE BofAML Commodity index eXtra (GRains) – Total Return
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| Original amount: | $4 million
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| Proceeds: | $2,128,680 for latest $4 principal amount add-ons
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| Maturity: | Feb. 14, 2023
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| Coupon: | 0%
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| Prices: | Par of $10 for original $4 million; 53.217 for latest $4 million
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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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| Original pricing date: | Feb. 11, 2008
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| Original settlement date: | Feb. 14, 2008
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| Latest settlement date: | Dec. 29
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| Agent: | BofA Securities, Inc.
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| Listing: | NYSE Arca: GRU
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| Cusip: | 870297215
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