By Jennifer Chiou
New York, Oct. 15 - Goldman, Sachs & Co. priced an $8 million offering of total return notes due Oct. 27, 2009 linked to the S&P GSCI TR index for AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.
Interest equals Libor minus 27 basis points. Interest is paid and reset quarterly.
The payout at maturity will be par plus triple the sum of any positive or negative return on the index minus a 100 bps annual fee.
If on any trading day the index declines by more than 22%, the notes are redeemable and the redemption amount will be calculated in the same manner as the payout at maturity.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Total return notes
|
| Underlying index: | S&P GCSI TR index
|
| Amount: | $8 million
|
| Maturity: | Oct. 27, 2009
|
| Coupon: | Libor minus 27 bps, payable and reset quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus a 100 bps annual fee
|
| Put: | If the index declines by more than 22% on any trading day
|
| Initial index level: | 6,264.552
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 20
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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