By Laura Lutz
Des Moines, June 12 - Goldman, Sachs & Co. priced a $25.006 million issue of zero-coupon 98% principal-protected notes due June 22, 2008 linked to a Lira basket for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Turkish lira against the dollar and the Turkish lira against the euro.
The payout at maturity will be 98% of par plus the product of the absolute value of any negative basket return and the initial dollar/lira exchange rate divided by the final dollar/lira exchange rate. There is a floor of 98% of par. If the Turkish lira gains, the payout on the notes increases.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | 98% principal-protected notes
|
| Underlying basket: | Equal weights of Turkish lira against the dollar and Turkish lira against the euro
|
| Amount: | $25.006 million
|
| Maturity: | June 22, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 98% of par plus the product of the absolute value of any negative basket return and the initial dollar/lira exchange rate divided by the final dollar/lira exchange rate; floor of 98% of par
|
| Initial exchange rates: | 2.0346 lira per euro; 1.5043 lira per dollar
|
| Pricing date: | June 8
|
| Settlement date: | June 22
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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