Goldman Sachs to price accelerated maturity buffered notes linked to iShares FTSE China for Svensk

By Angela McDaniels

Tacoma, Wash., May 9 - AB Svensk Exportkredit plans to price 0% accelerated maturity buffered index fund-linked notes tied to the iShares FTSE China 25 index fund via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the fund's closing share price is greater than or equal to the initial share price on any of five quarterly observation dates, the maturity date of the notes will be automatically accelerated and holders will receive par plus the accelerated maturity premium. The premium will be 2% to 2.3125% for the first observation date, 4% to 4.625% for the second, 6% to 6.9375% for the third, 8% to 9.25% for the fourth and 10% to 11.5625% for the fifth.

The first observation date will be three to four months after settlement.

If the notes are not accelerated, the maturity date will fall 18 to 19 months after settlement. If the final share price is greater than or equal to the initial share price, the payout will be par plus a fixed amount that is expected to be 12% to 13.875%. Investors will receive par if the share price declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The exact terms will be set at pricing.

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