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Goldman Sachs to price protected notes linked to real, renminbi for Svensk
By Jennifer Chiou
New York, Aug. 2 - Goldman, Sachs & Co. plans to price zero-coupon principal-protected notes due August 2008 linked to the Brazilian real and the Chinese renminbi for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will be equally weighted, with both currencies against the dollar.
If the basket performance is greater than 1.03, the payout at maturity will be par plus a to-be-determined percentage times the performance. Investors will receive par if the basket return is less than 1.03.
The notes are expected to price and settle in August.
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