Goldman Sachs to price $12 million notes linked to S&P DTI-TR for Svensk

By Jennifer Chiou

New York, Feb. 28 - AB Svensk Exportkredit plans to price $12 million of notes due March 16, 2009 linked to the Standard & Poor's Diversified Trends Indicator - Total Return via Goldman, Sachs & Co., according to a 424B2P filing with the Securities and Exchange Commission.

The notes bear interest at Libor minus a to-be-determined spread per year, reset quarterly. Interest is payable quarterly.

The payout at maturity will be par plus triple the index return, minus the final Treasury bill amount and minus a 1.5% annual fee. The final Treasury bill amount will equal the sum of the auction high rate of the three-month U.S. Treasury bill for each day during the life of the notes.

The notes are putable at any time, and the redemption amount will be calculated in the same way as the payout at maturity.

The notes will be called if the index falls by 15% or more, and the redemption amount will be calculated using the closing value of the index on the day prior to the call.

The notes will price on Feb. 29 and settle on March 7.

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