Goldman Sachs to price 98% protected notes linked to Lira basket for Svensk

By Jennifer Chiou

New York, June 6 - Goldman, Sachs & Co. plans to price zero-coupon 98% principal-protected notes due June 2008 linked to a Lira basket for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Turkish lira against the dollar and the Turkish lira against the euro.

The payout at maturity will be 98% of par plus the product of the absolute value of any negative basket return and the initial dollar/lira exchange rate divided by the final dollar/lira exchange rate. There is a floor of 98% of par. If the Turkish lira gains, the payout on the notes increases.

The notes are expected to price and settle in June.

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