Published on 1/28/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $70.27 million absolute return notes linked to S&P 500 for Svensk
By Laura Lutz
Des Moines, Jan. 28 - AB Svensk Exportkredit priced $70.27 million of 0% absolute return trigger notes due May 1, 2009 linked to the S&P 500 index via Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.
If the index closes above its initial level by more than 20.85% or below its initial level by more than 17.62% during the life of the notes, the payout at maturity will be par.
Otherwise, the payout will be par plus the absolute value of the index return.
Issuer: | AB Svensk Exportkredit
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Issue: | Absolute return trigger notes
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Underlying index: | S&P 500
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Amount: | $70,266,000
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Maturity: | May 1, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if index ever closes above the upper trigger level or below the lower trigger level; otherwise, par plus absolute value of index return
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Initial index level: | 1,365.47
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Lower trigger level: | 1,124.906, 82.38% of initial level
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Upper trigger level: | 1,650.124, 120.85% of initial level
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Pricing date: | Jan. 25
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Settlement date: | Feb. 8
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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