By Susanna Moon
Chicago, Oct. 24 - AB Svensk Exportkredit priced $7.5 million of excess return index-linked notes due Nov. 10, 2009 linked to the S&P GSCI Industrial Metals ER index via underwriter Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.
Interest is Libor minus 27 basis points, payable quarterly.
Payout at maturity will be par plus triple the index return minus three times the accrued annual fee of 40 bps.
The notes will be called if the index falls to or below its trigger level of 88% of the initial level. The payout will be determined in the same way as the payout at maturity.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Excess return index-linked notes
|
| Underlying index: | S&P GSCI Industrial Metals ER index
|
| Amount: | $7.5 million
|
| Maturity: | Nov. 10, 2009
|
| Coupon: | Libor minus 27 bps, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the index return minus three times annual fee of 40 bps
|
| Call: | If index falls to or below 88% of its initial level
|
| Initial index level: | 171.7274
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 30
|
| Underwriter: | Goldman, Sachs & Co.
|
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