By Laura Lutz
Des Moines, June 20 - Goldman, Sachs & Co. priced a $972,000 add-on to an issue of zero-coupon 98% principal-protected notes due June 22, 2008 linked to a Lira basket for issuer AB Svensk Exportkredit, increasing the total deal size to $25.978 million from $25.006 million.
The notes in the add-on were priced at 102.15, 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 aganst the euro
|
| Amount: | $25.978 million
|
| Maturity: | June 22, 2008
|
| Coupon: | 0%
|
| Price: | Par for $25.006 million; 102.15 for $972,000
|
| 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 for lira/euro exchange rate; 1.5043 for lira/dollar exchange rate
|
| Pricing date: | June 8 (for $25.006 million); June 19 (for $972,000)
|
| Settlement date: | June 22
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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