By E. Janene Geiss
Philadelphia, Feb. 19 - AB Svensk Exportkredit priced an additional $2.05 million of 0% enhanced outperformance notes due June 26, 2009 linked to a long index and a short stock basket via underwriter Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The add-on, priced at 99.75, brings the total offering to $12.4 million. The notes initially priced on Feb. 11 at a size of $10.35 million at a price of 99.97.
The long index is the S&P Consumer Staples Select Sector index. The basket consists of 56 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 maximum payout equal to 120.1% of par.
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
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| Underlying basket: | Long position in S&P Consumer Staples Select Sector index; short position in basket of 56 common stocks from S&P Consumer Discretionary Select Sector index
|
| Amount: | $12.4 million, up from $10.35 million
|
| Maturity: | June 26, 2009
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| Coupon: | 0%
|
| Price: | 99.75 for add on, 99.97 for original
|
| Payout at maturity: | If index outperforms stock basket, par plus 200% of outperformance amount, capped at payout equal to 120.1% of par; otherwise, par minus percentage by which index outperforms stock basket
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| Pricing date: | Feb. 11 for initial $10.35 million, Feb. 14 for $2.05 million
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| Settlement date: | Feb. 26
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.25%
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