By Marisa Wong
Morgantown, W.Va., April 26 – AB Svensk Exportkredit priced an additional $611,410 of 0% Elements due Oct. 24, 2022 linked to the Rogers International Commodity Index – Agriculture Total Return via BofA Merrill Lynch, according to a 424B3 filing with the Securities and Exchange Commission.
The $1 million principal amount of additional notes priced at 61.141 for proceeds of $611,410.
The original $4 million of the notes priced at par of $10 on Oct. 17, 2007. Additional securities have been sold since the inception date at variable pries.
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 “RJA.”
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Elements
|
| Underlying index: | Rogers International Commodity Index – Agriculture Total Return
|
| Initial amount: | $4 million
|
| Outstanding amount: | $156.05 million as of Nov. 2
|
| Proceeds: | $611,410 for latest $1 million principal amount add-on
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10 for original $4 million; 61.141 for latest $1 million
|
| Payout at maturity: | Par plus index return minus annual investor fee of 0.75%
|
| Put option: | On weekly repurchase dates subject to minimum of $5 million
|
| Initial index level: | 1,236.05
|
| Inception date: | Oct. 17, 2007 for original $4 million
|
| Settlement dates: | Oct. 24, 2007 for original $4 million; April 5 for latest add-on
|
| Underwriter: | BofA Merrill Lynch
|
| Listing: | NYSE Arca: RJA
|
| Cusip: | 870297603
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
