Published on 11/15/2007 in the Prospect News Structured Products Daily.
New Issue: Svensk prices $28.57 million 0% absolute return trigger notes linked to S&P 500 via Goldman
By Jennifer Chiou
New York, Nov. 15 - AB Svensk Exportkredit priced $28.57 million of 0% absolute return trigger notes due March 3, 2009 linked to the S&P 500 index via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above an upper trigger level of 123.5% of the initial level or below a lower trigger level of 76.5% of the initial level during the life of the notes, the payout at maturity will be par.
Otherwise, the payout will be par plus the absolute value of the index return.
Issuer: | AB Svensk Exportkredit
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Issue: | Absolute return trigger notes
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Underlying index: | S&P 500
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Amount: | $28,569,000
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Maturity: | March 3, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if the index closes above the upper trigger level or below the lower trigger level during the life of the notes; otherwise, par plus the absolute value of the index return
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Initial level: | 1,490
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Upper trigger level: | 1,840.15, 123.5% of initial level
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Lower trigger level: | 1,139.85, 76.5% of initial level
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Pricing date: | Nov. 14
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Settlement date: | Nov. 29
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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