Goldman Sachs to price 0% notes due 2010 linked to S&P 500 for Svensk

By Angela McDaniels

Tacoma, Wash., Dec. 16 - AB Svensk Exportkredit plans to price 0% index-linked notes tied to the S&P 500 index via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes will be 20 to 24 months.

The payout at maturity will be par plus 150% of any index gain, subject to a maximum redemption amount that is expected to be $1,360 to $1,420 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.

The notes are expected to price and settle before the end of the year.

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