Published on 3/12/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs lifts notes linked to S&P bank, financial indexes to $21.61 million for Svensk
By Angela McDaniels
Tacoma, Wash., March 12 - AB Svensk Exportkredit priced an additional $4.36 million of 0% outperformance notes due Sept. 18, 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 an FWP filing with the Securities and Exchange Commission.
The notes priced at 96.98 and bring the total issue size to $21.61 million. The company originally priced $17.25 million of the notes at 96.75 on March 4.
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: | $21,614,000, upsized from $17,254,000
|
| Maturity: | Sept. 18, 2009
|
| Coupon: | 0%
|
| Price: | 96.75 for original issue; 96.98 for add-on
|
| 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 index levels: | 240.84 for long index; 249.86 for short index
|
| Pricing dates: | March 4 for original issue; March 11 for add-on
|
| Settlement date: | March 18
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
