New Issue: Goldman Sachs upsizes bull notes linked to rupiah, Philippine peso to $21.8 million for Svensk

By Angela McDaniels

Tacoma, Wash., Dec. 6 - Goldman, Sachs & Co. priced an additional $6.13 million of zero-coupon 97.5% principal-protected bull notes due June 13, 2009 linked to the Indonesian rupiah and the Philippine peso for issuer AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.

The company originally priced $15.62 million of the notes on Nov. 22. The total amount of notes priced is now $21.75 million.

The original issue priced at par, and the latest issued priced at 103.95.

The two currencies are equally weighted in a basket. If the basket appreciates relative to the dollar by 2.5% or more, the payout at maturity will be 113.5% of par. Otherwise, the payout will be 97.5% of par.

Issuer:	AB Svensk Exportkredit
Issue:	97.5% principal-protected bull notes
Underlying currencies:	Indonesian rupiah and the Philippine peso, equally weighted
Amount:	$21,751,000, upsized from $15,619,000
Maturity:	June 13, 2009
Coupon:	0%
Price:	Par for original issue; 103.95 for add-on
Payout at maturity:	If the basket appreciates relative to the dollar by 2.5% or more, 113.5% of par; otherwise, 97.5% of par
Initial exchange rates:	9,725 rupiah per dollar; 43.3 pesos per dollar
Pricing date:	Nov. 22 for original issue; Dec. 4 for add-on
Settlement date:	Dec. 13
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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