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Goldman to price 13- to 15-month notes linked to MSCI EAFE for Svensk
By Angela McDaniels
Tacoma, Wash., Aug. 10 - AB Svensk Exportkredit plans to price 13- to 15-month 0% equity index-linked notes linked to the MSCI EAFE index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be equal to the maximum redemption amount if the index return is greater than or equal to negative 10%. The maximum redemption amount is expected to be $1,102.50 to $1,120.00 per $1,000 principal amount of notes and will be set at pricing. Investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The initial index level set by the issuer may be higher or lower than the actual closing level of the index on the pricing date.
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