New Issue: Goldman Sachs upsizes notes linked to leveraged ruble basket to $12.41 million for Svensk

By Jennifer Chiou

New York, April 2 - AB Svensk Exportkredit priced a $2.34 million add-on to its 0% notes due April 8, 2009 linked to a leveraged ruble basket via Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.

The original $10.08 million priced at par on March 25 while the add-on priced at 100.11. The total amount of notes priced is now $12.41 million.

The basket consists of the exchange rate of the ruble against the dollar with a two-thirds weight and the exchange rate of the dollar against the euro with a one-third weight.

The payout at maturity will be 107.34% of par plus 250% of any gain in the ruble against the dollar plus 125% of any gain in the dollar against the euro.

Investors will receive at least 107.34% of par.

Issuer:	AB Svensk Exportkredit
Issue:	Leveraged notes
Underlying basket:	Exchange rate of ruble against dollar with two-thirds weight and exchange rate of dollar against euro with one-third weight
Amount:	$12,413,000, upsized from $10,077,000
Maturity:	April 8, 2009
Coupon:	0%
Price:	Par for $10,077,000; 100.11 for $2,336,000
Payout at maturity:	107.34% of par plus 250% of any gain in ruble against dollar plus 125% of any gain in dollar against euro; floor of 107.34% of par
Initial rates:	23.645 rubles per dollar; 1.5611 dollars per euro
Pricing date:	March 25 for original $10,077,000; April 1 for $2,336,000
Settlement date:	April 8
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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