Published on 5/15/2007 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $12.451 million principal-protected BRIC notes for Svensk
By Angela McDaniels
Seattle, May 15 - Goldman, Sachs & Co. priced a $12.451 million issue of zero-coupon principal-protected BRIC notes due April 8, 2008 linked to a basket of currencies for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, each with a 25% weight, and the dollar with a negative 100% weight.
If the basket increases by 2% or more, the payout at maturity will be par plus 10%. Otherwise, the payout will be par.
Issuer: | AB Svensk Exportkredit
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Issue: | Principal-protected BRIC notes
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Underlying basket: | Brazilian real (25% weight), Russian ruble (25% weight), Indian rupee (25% weight), Chinese renminbi (25% weight), dollar (negative 100% weight)
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Amount: | $12.451 million
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Maturity: | April 8, 2008
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 10% if basket increases by 2% or more; otherwise, par
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Initial exchange rates: | 2.012 reais per dollar, 25.785 rubles per dollar, 40.75 rupee per dollar, 7.6775 renminbi per dollar
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Pricing date: | May 14
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Settlement date: | May 29
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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