By Jennifer Chiou
New York, Nov. 8 - AB Svensk Exportkredit priced a $40.812 million issue of 0% outperformance notes due Nov. 21, 2008 linked to the Dax and S&P/TSX 60 indexes, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be determined according to the performance of the indexes, with the Dax as the long index and the S&P/TSX 60 as the short index:
• If the return of the long index exceeds that of the short index, the payout will be par plus the percentage by which the long index "outperformed" the short index; and
• If the return of the short index exceeds that of the long index, the payout will be par minus the percentage by which the long index "underperformed" the short index.
| Issuer: | AB Svensk Exportkredit
|
| Underwriter: | Goldman, Sachs & Co., Inc.
|
| Issue: | Outperformance notes
|
| Underlying indexes: | Dax, S&P/TSX 60
|
| Amount: | $40.812 million
|
| Maturity: | Nov. 21, 2008
|
| Coupon: | 0%
|
| Price: | 98.44%
|
| Payout at maturity: | Par plus the percentage by which the return on the long index exceeds the return on the short index; or par minus the percentage by which the return on the long index fell short of the return on the short index
|
| Initial long index level: | 6,352.747
|
| Initial short index level: | 711.123
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 21
|
| Underwriting discount: | 0.25%
|
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