By Angela McDaniels
Tacoma, Wash., March 22 - AB Svensk Exportkredit priced $12.73 million of leveraged commodity index-linked notes due April 25, 2012 linked to the Dow Jones - UBS Enhanced E95 Total Return index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The index is a version of the Dow Jones - UBS Commodity index that has been modified by changes to its methodology developed by Goldman Sachs.
The interest rate is Libor plus 40 basis points. Interest is payable quarterly.
The payout at maturity will be par plus triple the sum of the index return minus the TBill amount minus a fee of 0.5% per year.
The notes are putable at any time if requested by all holders. If the index falls to or below 85% of its initial level, the notes will be called.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Leveraged commodity index-linked notes
|
| Underlying index: | Dow Jones - UBS Enhanced E95 Total Return index
|
| Amount: | $12.73 million
|
| Maturity: | April 25, 2012
|
| Coupon: | Libor minus bps, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the TBill amount minus a fee of 0.5% per year
|
| Put option: | At any time if requested by all holders
|
| Call: | Automatically if index falls by 15% or more
|
| Initial index level: | 688.6884
|
| Pricing date: | March 18
|
| Settlement date: | March 25
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 00254EKS0
|
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