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Prospect News home > News index > List of issuers S > Headlines for Svensk ExportKredit (Swedish Export Credit Corp.) > News item
Published on 2/19/2008 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $101.76 million notes linked to S&P bank, financial indexes for Svensk

By Jennifer Chiou

New York, Feb. 19 - AB Svensk Exportkredit priced $101.76 million of 0% outperformance notes due Aug. 31, 2009 linked to a long position in the S&P 500 Banks index and a short position in the S&P Financial Select Sector index via Goldman, Sachs & Co., according to 424B2 filing with the Securities and Exchange Commission.

If the increase in the long index exceeds that of the short index or if the decrease in the long index is less than that of the short index, the payout at maturity will be par plus the difference between the two index returns.

If the increase in the long index is less than that of the short index or if the decrease in the long index is greater than that of the short index, the payout at maturity will be par minus the difference between the two index returns.

Issuer:AB Svensk Exportkredit
Issue:Enhanced outperformance notes
Underlying indexes:Long position in the S&P 500 Banks index and a short position in the S&P Financial Select Sector index
Amount:$101,757,000
Maturity:Aug. 31, 2009
Coupon:0%
Price:96.76
Payout at maturity:If the increase in the long index exceeds that of the short index or if the decrease in the long index is less than that of the short index, par plus the difference between the two index returns; if the increase in the long index is less than that of the short index or if the decrease in the long index is greater than that of the short index, par minus the difference between the two index returns
Initial levels:260.53 for long index; 262.80 for short basket
Pricing date:Feb. 15
Settlement date:March 3
Underwriter:Goldman, Sachs & Co.
Fees:0.25%

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