Goldman Sachs plans 0% bull notes linked to five Asian currencies for Svensk

By Laura Lutz

Des Moines, Dec. 17 - AB Svensk Exportkredit plans to price 18-month zero-coupon bull notes linked to a basket of five Asian currencies via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Chinese renminbi with a 25% weight, the Malaysian ringgit with a 25% weight, the Singapore dollar with a 25% weight, the Indonesian rupiah with a 12.5% weight and the Philippine peso with a 12.5% weight, each relative to the U.S. dollar.

The payout at maturity will be par plus 200% of any gain on the basket plus a bonus that will be between 4% and 4.75%. The exact bonus will be set at pricing.

The minimum payout will be par plus the bonus amount.

The notes are expected to price in 2007 and settle in 2008.

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