By Laura Lutz
Des Moines, Feb. 13 - Goldman, Sachs & Co. increased to $36.385 million the size of its previously announced issue of 0% notes due Feb. 25, 2008 linked to the Goldman Sachs Commodity Excess Return Enhanced Strategy for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.
The deal originally priced on Feb. 8 as a $35 million issue, sold at par. The initial strategy level has not been changed. The additional $1.385 million of notes were sold at 100.35.
The strategy reflects the excess returns that are potentially available through an unleveraged investment in futures contracts comprising the Goldman Sachs Commodity index.
The payout at maturity will be par plus triple the return on the strategy, capped at 130%. Investors will share in any losses.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Excess return notes
|
| Underlying index: | Goldman Sachs Commodity Excess Return Enhanced Strategy
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| Amount: | $36.385 million
|
| Maturity: | Feb. 25, 2008
|
| Coupon: | 0%
|
| Price: | Par for original $35 million, 100.35 for additional $1.385 million
|
| Payout at maturity: | Par plus triple the return on the strategy, capped at 130%; full exposure to any losses
|
| Initial strategy level: | 347.5
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| Pricing date: | Feb. 8
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| Upsized: | Feb. 12
|
| Settlement date: | Feb. 15
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| Underwriter: | Goldman, Sachs & Co.
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| Underwriting discount: | 0.25%
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