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Svensk plans principal-protected FX range notes linked to three currencies via Goldman Sachs
By Laura Lutz
Des Moines, Feb. 15 - AB Svensk Exportkredit plans to price principal-protected triple one-touch FX range notes due September 2008 linked to three currencies via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The basket currencies are the euro, the Japanese yen and the British pound, each against the dollar.
If each of the basket currencies stays within a specified range during the life of the notes, the payout at maturity will be par plus a conditional coupon that will be between 3% and 3.25%. The exact conditional coupon will be set at pricing.
The ranges are 1.35 to 1.60 dollars per euro, 95.00 to 113.00 yen per dollar and 1.85 to 2.03 dollars per pound.
If any of the exchange rates are outside the range during the life of the notes, the payout will be par.
The notes are expected to price in February and settle in March.
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