Svensk plans bull notes linked to six currencies via Goldman Sachs

By Laura Lutz

Des Moines, Jan. 25 - AB Svensk Exportkredit plans to price zero-coupon 98% principal protected bull notes linked to a basket of six currencies via Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will mature in about 18 months.

The basket contains equal weights of the Brazilian real, Russian ruble, Czech koruna, Malaysian ringgit, Taiwan dollar and Singapore dollar, all against the U.S. dollar.

If the final basket level is above the initial level by at least a barrier amount, the payout will be 98% of par plus any basket gain times a participation rate that will be between 113% and 115%. The barrier amount is expected to be between 3.5% and 4.5%.

The exact barrier amount and participation rate will be set at pricing.

The notes will price and settle sometime in 2008.

If the final basket return is less than the barrier amount, the payout will be 98% of par.

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