By Angela McDaniels
Seattle, Nov. 16 - AB Svensk Exportkredit priced an additional $5.75 million of 0% outperformance notes due Nov. 21, 2008 linked to the Dax and S&P/TSX 60 indexes via Goldman, Sachs & Co., Inc., according to an FWP filing with the Securities and Exchange Commission.
The company originally priced $40.812 million of the notes on Nov. 8. The total amount of notes sold is now $46.562 million.
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: | $46.562 million, (upsized from $40.812 million)
|
| Maturity: | Nov. 21, 2008
|
| Coupon: | 0%
|
| Price: | 98.44% for those notes priced on Nov. 7, 98.78% for those notes priced on Nov. 16
|
| 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. 16
|
| Settlement date: | Nov. 21
|
| Underwriting discount: | 0.25%
|
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