By Laura Lutz
Des Moines, Nov. 2 - AB Svensk Exportkredit priced $8 million of notes due Nov. 17, 2008 linked to the S&P GSCI Index - Total Return via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will bear interest at Libor minus 27 basis points per year. Interest is payable quarterly.
They will be called early if the index closes below 88% of its initial level on any day during the life of the notes.
The payment upon redemption or at maturity will be equal to par plus 300% of any return on the index - whether that return is positive or negative -minus a fee amount of 3% per year minus a T Bill amount.
The T Bill amount will be equal to the accrued product of the daily T Bill Auction High Rates throughout the life of the notes.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Notes
|
| Underlying index: | S&P GSCI Index - Total Return
|
| Amount: | $8 million
|
| Maturity: | Nov. 17, 2008
|
| Coupon: | Libor minus 27 bps, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any return on index minus fee amount of 3% per year minus accrued product of daily T Bill Auction High Rates
|
| Initial level: | 7,330.335
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 7
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
© 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.
