By Jennifer Chiou
New York, Oct. 15 - Goldman, Sachs & Co. priced a $66 million offering of excess return notes due Dec. 9, 2009 linked to the S&P GSCI ER index for AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.
Interest equals Libor minus 27 basis points. Interest is paid and reset quarterly.
The payout at maturity will be par plus triple the sum of any positive or negative return on the index minus a 20 bps annual fee.
If on any trading day the index declines by more than 22%, the notes are redeemable and the redemption amount will be calculated in the same manner as the payout at maturity.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Excess return notes
|
| Underlying index: | S&P GCSI ER index
|
| Amount: | $66 million
|
| Maturity: | Dec. 9, 2009
|
| Coupon: | Libor minus 27 bps, payable and reset quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus a 20 bps annual fee
|
| Put: | If the index declines by more than 22% on any trading day
|
| Initial index level: | 588.7912
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 20
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
