Published on 9/24/2007 in the Prospect News Structured Products Daily.
New Issue: Goldman ups Svensk 0% notes linked to stock basket, S&P Consumer Staples to $30.13 million
By Angela McDaniels
Seattle, Sept. 24 - Goldman, Sachs & Co. priced an additional $7.11 million of 0% enhanced outperformance notes due Oct. 27, 2008 linked to the S&P Consumer Staples Select Sector index and a basket of stocks for issuer AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.
The company originally priced $23.02 million of the notes on Sept. 13. The total amount of notes priced is now $30.13 million.
The stock basket includes 57 common stocks selected from the S&P Consumer Discretionary Select Sector index. The basket does not include stocks from the automotive, housing and media industries or stocks that are the subject of announced mergers.
The payout at maturity will be par plus double the amount, if any, by which the index return is greater than the stock basket return, subject to a maximum payout of par plus 35.1%. Investors will lose 1% for each 1% that the stock basket return exceeds the index return.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Enhanced outperformance notes
|
| Underlying index: | S&P Consumer Staples Select Sector
|
| Underlying stock basket: | 57 common stocks selected from the S&P Consumer Discretionary Select Sector index
|
| Amount: | $30,129,000, upsized from $23,024,000
|
| Maturity: | Oct. 27, 2008
|
| Coupon: | 0%
|
| Price: | Par for original issue; 97.69 for add-on
|
| Payout at maturity: | If the index return is greater than the stock basket return, par plus double the difference between the returns, capped at a maximum return of 35.1%; if the index return is less than the stock basket return, par minus the difference between the returns
|
| Initial index level: | 271.8
|
| Initial stock basket level: | $970.20
|
| Pricing date: | Sept. 13 for original issue; Sept. 21 for add-on
|
| Settlement date: | Sept. 27
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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