Svensk Exportkredit plans 0% enhanced outperformance notes linked to S&P 100, Russell 2000

By Angela McDaniels

Seattle, Aug. 14 - AB Svensk Exportkredit plans to price an issue of 0% enhanced outperformance notes linked to the S&P 100 and Russell 2000 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to be due two years after the issue date.

Payout at maturity will be based on the performance of the indexes, with the S&P 100 as the long index and the Russell 2000 as the short index. If the percentage increase of the long index exceeds that of the short index, holders will receive par plus triple the "outperformance" percentage, which will be capped at between 36.9% and 43.5%. The exact cap will be determined at pricing.

Holders will participate fully in any decline determined according to the percentage by which the Russell 2000 outperforms the S&P 100.

Goldman, Sachs & Co. will be the underwriter.

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