By Jennifer Chiou
New York, April 12 - Goldman, Sachs & Co. arranged a $3 million issue of total return linked notes due April 28, 2008 linked to the Goldman Sachs Commodity index - Total Return for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will Libor minus 30 basis points and will be payable quarterly.
The payout at maturity will be par plus triple the positive or negative return on the index, less 3% for fees and less the 91-day Treasury bill yield.
The notes will be called if the index hits 88% of the initial index level.
Holders can put the notes back at any time and receive a payout calculated in the same way as that at maturity.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Total return linked notes
|
| Underlying index: | Goldman Sachs Commodity index - Total Return
|
| Amount: | $3 million
|
| Maturity: | April 28, 2008
|
| Coupon: | Libor minus 30 basis points, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the positive or negative return on the index, less 3% for fees and less the 91-day Treasury bill yield
|
| Call: | Automatic if index hits 88% of the initial level
|
| Pricing date: | April 12
|
| Settlement date: | April 26
|
| Underwriter: | Goldman, Sachs & Co.
|
| Underwriting discount: | 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.
