By Susanna Moon
Chicago, Feb. 15 - AB Svensk Exportkredit priced a $2.05 million issue of enhanced outperformance notes due June 26, 2009 linked to a long index and a short basket of stocks, according to an FWP filing with the Securities and Exchange Commission.
Goldman, Sachs & Co. is the underwriter.
The long index is the S&P Consumer Staples Select Sector index. The basket consists of 57 common stocks from the S&P Consumer Discretionary Select Sector index.
If the percentage increase of the long index is at least that of the short basket, the payout at maturity will be par plus double the amount by which the long performance exceeds the short performance, capped at a return of 20.1%.
Otherwise, the payout will be par minus the percentage by which the short basket performance exceeds that of the long index.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Enhanced outperformance notes
|
| Underlying basket: | S&P Consumer Staples Select Sector index as long index; basket of 57 common stocks from the S&P Consumer Discretionary Select Sector index as short index
|
| Amount: | $2.05 million
|
| Maturity: | June 26, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If long index outperforms short basket, par plus double outperformance amount, capped at 20.1% return; otherwise, par minus performance difference
|
| Initial levels: | 270.20 for long index; 864.82 for short basket
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 26
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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