New Issue: Goldman Sachs prices $17.9 million bull notes linked to five Asian currencies for Svensk

By Angela McDaniels

Tacoma, Wash., Dec. 31 - Goldman, Sachs & Co. priced $17.9 million of zero-coupon 98% principal-protected bull notes due July 11, 2009 linked to a basket of currencies for issuer AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Chinese renminbi with a 25% weight, the Malaysian ringgit with a 25% weight, the Singapore dollar with a 25% weight, the Indonesian rupiah with a 12.5% weight and the Philippine peso with a 12.5% weight.

If the basket appreciates relative to the U.S. dollar by 2.5% or more, the payout at maturity will be par plus 14%. Otherwise, the payout will be 98% of par.

Issuer:	AB Svensk Exportkredit
Issue:	98% principal-protected bull notes
Underlying currencies:	Chinese renminbi (25% weight), Malaysian ringgit (25% weight), Singapore dollar (25% weight), Indonesian rupiah (12.5% weight) and Philippine peso (12.5% weight)
Amount:	$17,943,000
Maturity:	July 11, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket appreciates relative to the U.S. dollar by 2.5% or more, 114% of par; otherwise, 98% of par
Pricing date:	Dec. 21
Settlement date:	Jan. 11
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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