By E. Janene Geiss
Philadelphia, April 23 - AB Svensk Exportkredit plans to price floating-rate notes due May 5, 2009 linked to the S&P GSCI Index - Total Return via Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly and will equal Libor minus 27 basis points.
The notes will be called if the index falls to or below 88% of its initial level. A holder of all the notes may put the notes at any time.
The payout upon redemption or at maturity will be par plus 300% of the index return minus triple the sum of the daily Treasury bill auction high rates during the life of the notes and minus a 1% annual fee.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Floating-rate notes
|
| Underlying index: | S&P GSCI Index - Total Return
|
| Amount: | $5 million
|
| Maturity: | May 5, 2009
|
| Coupon: | Libor minus 27 basis points, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of the index return minus fee amount of 1% per year minus accrued sum of daily Treasury bill auction high rates
|
| Call: | If index closes at or below 88% of its initial level
|
| Initial level: | 9,057.745
|
| Trigger level: | 7,970.816
|
| Pricing date: | April 21
|
| Settlement date: | April 28
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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