Colombia's Atletico Nacional secured third place at the Club World Cup with a 4-3 penalty shootout win over Mexico's Club America after an entertaining 2-2 draw on Sunday.

South American champion Nacional squandered a two-goal lead in regulation, but Miguel Borja scored the winning penalty after the match went directly to a shootout.

An own goal from Samudio handed Nacional the lead after seven minutes at Nissan Stadium, before a fine finish from Alejandro Guerra made it 2-0 midway through the first period.

But America, the North, Central America and Caribbean CONCACAF champions, hit back through Michael Arroyo shortly before halftime and substitute Oribe Peralta leveled from the penalty spot in the 66th minute.