Published on 12/29/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $15.1 million notes tied to MSCI All Country World index for Svensk
By Jennifer Chiou
New York, Dec. 28 - AB Svensk Exportkredit priced $15.1 million of 0% equity index-linked notes due Jan. 2, 2013 linked to the MSCI All Country World index via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum settlement amount of $1,191 per $1,000 principal amount of notes. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
Issuer: | AB Svensk Exportkredit
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Issue: | Equity index-linked notes
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Underlying index: | MSCI All Country World index
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Amount: | $15,095,000
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Maturity: | Jan. 2, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to maximum return of 19.1%; par if index declines by 15% or less; 1.1765% loss for every 1% index decline beyond 15%
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Initial index level: | 328.4
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Pricing date: | Dec. 23
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Settlement date: | Jan. 3
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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Cusip: | 01019M298
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