Goldman Sachs to sell enhanced participation notes linked to S&P 500 for Svensk

By Susanna Moon

Chicago, Jan. 29 - AB Svensk Exportkredit plans to price 0% enhanced participation notes due 2009 linked to the S&P 500 index via underwriter Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature between 15 and 17 months after issuance.

The payout at maturity will be par plus triple any gain on the index, capped at a return of between 21% and 24% of par. The exact cap will be set at pricing.

If the index finishes below its initial level, investors will be exposed to the loss.

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