Published on 1/5/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $1.72 million notes linked to S&P 500 for Svensk
By E. Janene Geiss
Philadelphia, Jan. 5 - Goldman, Sachs & Co. priced $1.72 million index-linked notes due March 9, 2011 linked to the S&P 500 index for issuer AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 150% of any gain on the index, up to a maximum redemption amount of 132.2% of par.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Issuer: | AB Svensk Exportkredit
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Issue: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,724,000
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Maturity: | March 9, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 132.2% of par; par if the index declines by 10% or less and losses of 1.1111% for every 1% that the index declines beyond 10%
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Initial index level: | 901.65
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Buffer level: | 811.485, 90% of initial level
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Pricing date: | Jan. 2
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Settlement date: | Jan. 16
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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