Published on 2/4/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $95.71 million absolute return notes linked to S&P 500 for Svensk
By Laura Lutz
Des Moines, Feb. 4 - AB Svensk Exportkredit priced $95.71 million of 0% absolute return trigger notes due May 15, 2009 linked to the S&P 500 index via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above the upper trigger level or below the lower trigger level during the life of the notes, the payout at maturity will be par.
The upper trigger level will be 120.75% of the initial level, and the lower trigger level will be 85% of the initial level.
Otherwise, the payout will be par plus the absolute value of the index return.
Issuer: | AB Svensk Exportkredit
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Issue: | Absolute return trigger notes
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Underlying index: | S&P 500 index
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Amount: | $95,706,000
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Maturity: | May 15, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if index ever closes above upper trigger level or below lower trigger level otherwise, par plus absolute value of index return
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Initial level: | 1,381.31
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Lower trigger level: | 1,174.114, 85% of initial level
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Upper trigger level: | 1,667.932, 120.75% of initial level
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Pricing date: | Feb. 1
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Settlement date: | Feb. 15
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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