Published on 4/25/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $15.96 million notes tied to MSCI EAFE for Svensk
By Toni Weeks
San Diego, April 25 - AB Svensk Exportkredit priced $15.96 million of 0% leveraged buffered index-linked notes due Nov. 23, 2012 tied to the MSCI EAFE index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.1 times the index return, subject to a maximum payment of $1,176 per $1,000 of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% that the index declines beyond 15%.
Issuer: | AB Svensk Exportkredit
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE index
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Amount: | $15,961,000
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Maturity: | Nov. 23, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.1 times the index return, capped at maximum payment of $1,176 per $1,000 of notes; par if index falls by up to 15% and loss of 1.1765% for every 1% index decline beyond 15%
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Initial index level: | 1,747.6
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Pricing date: | April 20
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Settlement date: | April 28
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Agent: | Goldman Sachs & Co.
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Fees: | 0.25%
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Cusip: | 01019A864
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