Goldman to price absolute return trigger notes linked to S&P 500 for Svensk

By Susanna Moon

Chicago, Jan. 29 - AB Svensk Exportkredit plans to price 0% absolute return trigger notes due 2009 linked to the S&P 500 index via underwriter Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The maturity date is expected to be between 14 and 17 months after issuance.

If the index never trades above the upper trigger level or below the lower trigger level, the payout at maturity will be par plus the absolute value of the index return.

Otherwise, investors will receive par.

The upper trigger level is expected to be between 115% and 120% of the initial level, and the lower trigger level will be between 80% and 85% of the initial level. The exact levels will be set at pricing.

The notes are expected to price in January and settle in February.

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