By E. Janene Geiss
Philadelphia, Dec. 20 -Goldman, Sachs & Co. priced a $12 million offering of excess return notes due Jan. 13, 2009 linked to the S&P GSCI Industrial Metals ER Index for AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will equal Libor minus 27 basis points. Interest will be paid and reset quarterly.
The payout at maturity will be par plus triple any positive or negative return on the index, minus a 40 bps annual fee.
The notes are putable at any time, and the redemption amount will be calculated in the same manner as the payout at maturity.
Issuer: | AB Svensk Exportkredit
|
Issue: | Excess return notes
|
Underlying index: | S&P GCSI Industrial Metals ER Index
|
Amount: | $12 million
|
Maturity: | Jan. 13, 2009
|
Coupon: | Libor minus 27 basis points, payable and reset quarterly
|
Price: | Par
|
Put: | At any time
|
Payout at maturity: | Par plus triple any positive or negative return on the index, minus a 40 bps annual fee
|
Initial index level: | 268.5836
|
Pricing date: | Dec. 18
|
Settlement date: | Dec. 27
|
Underwriter: | Goldman, Sachs & Co.
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.