Published on 12/31/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $12.9 million notes for Svensk linked to gold
By E. Janene Geiss
Philadelphia, Dec. 27 - Goldman, Sachs & Co. priced $12,895,000 of zero-coupon notes due March 11, 2009 linked to the price of gold for issuer AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus absolute value of any decrease in the price of gold, subject to a maximum return of 108.05%. The minimum payout is par.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Notes
|
| Underlying asset: | Gold
|
| Amount: | $12,895,000
|
| Maturity: | March 11, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus absolute value of any decrease in the price of gold, subject to a cap of 108.05%; floor of par
|
| Pricing date: | Dec. 21
|
| Settlement date: | Jan. 11
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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