Goldman Sachs to price enhanced outperformance notes linked to stock basket, index for Svensk

By Laura Lutz

Des Moines, Feb. 7 - AB Svensk Exportkredit plans to price an issue of 0% enhanced outperformance notes due 2009 linked to a long index and a short basket of stocks via underwriter Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The long index is the S&P Consumer Staples Select Sector index. The basket consists of 56 common stocks from the S&P Consumer Discretionary Select Sector index.

The notes are expected to mature 15 to 18 months after issuance.

If the percentage increase of the long index is at least that of the short basket, the payout at maturity will be par plus double the amount by which the long performance exceeds the short performance, capped at a maximum return that is expected to be between 20% and 22%. The exact cap will be set at pricing.

Otherwise, the payout will be par minus the percentage by which the short basket performance exceeds that of the long index.

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