By Angela McDaniels
Seattle, Oct. 2 - Goldman, Sachs & Co. arranged a $7.5 million issue of total return linked notes due Oct. 22, 2007 linked to the Goldman Sachs Commodity Index - Total Return for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will Libor minus 27 basis points and will be payable quarterly.
The payout at maturity will be par plus triple the positive or negative return on the index, less 3% for fees and less the 91-day Treasury bill yield.
The notes will be called if the index hits 88% of the initial index level.
Holders can put the notes back at any time and receive a payout calculated in the same way as that at maturity.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Total return linked notes
|
| Underlying index: | Goldman Sachs Commodity Index - Total Return
|
| Amount: | $7.5 million
|
| Maturity: | Oct. 22, 2007
|
| Coupon: | Libor minus 27 basis points, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the positive or negative return on the index, less 3% for fees and less the 91-day Treasury bill yield
|
| Call: | Automatic if index hits 88% of the initial level
|
| Initial index level: | 5,872.48
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 19
|
| Underwriter: | Goldman, Sachs & Co.
|
| Underwriting discount: | 25 bps
|
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