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Goldman plans 23- to 27-month buffered notes on S&P 500 for Svensk
By Susanna Moon
Chicago, Nov. 16 - AB Svensk Exportkredit plans to price 0% buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs & Co. is the underwriter.
The maturity will be between 23 and 27 months after issue.
If the index finishes at or above the trigger level - 80% of the initial level - the payout at maturity will be the maximum settlement amount of $1,102.50 to $1,120 per $1,000 principal amount.
Otherwise, investors will lose 1.25% for every 1% decline beyond the 20% buffer.
The exact deal terms will be set at pricing.
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