New Issue: Goldman Sachs prices $18.72 million bull notes linked to three Asian currencies for Svensk

By Angela McDaniels

Tacoma, Wash., Jan. 15 - AB Svensk Exportkredit priced $18.72 million of 0% bull notes due Aug. 1, 2009 linked to a basket of currencies via Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Chinese renminbi, Malaysian ringgit and Singapore dollar.

The payout at maturity will be 103.25% of par plus 200% of any appreciation in the basket relative to the U.S. dollar. If the basket remains flat or depreciates relative to the U.S. dollar, the payout will be 103.25% of par.

Issuer:	AB Svensk Exportkredit
Issue:	Bull notes
Underlying currencies:	Chinese renminbi, Malaysian ringgit and Singapore dollar, equally weighted
Amount:	$18,715,000
Maturity:	Aug. 1, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	103.25% of par plus double any basket appreciation versus the U.S. dollar
Initial exchange rates:	6.45 renminbi per U.S. dollar; 3.21 ringgits per U.S. dollar; 1.397 Singapore dollars per U.S. dollar
Pricing date:	Jan. 11
Settlement date:	Feb. 1
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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