By Laura Lutz
Des Moines, Feb. 22 - AB Svensk Exportkredit priced $13.24 million of principal-protected triple one-touch FX range notes due Sept. 4 2008 linked to three currencies via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The basket currencies are the euro, the Japanese yen and the British pound, each against the dollar.
If each of the basket currencies stays within a specified range during the life of the notes, the payout at maturity will be par plus a conditional coupon of 3.25%.
The ranges are 1.35 to 1.60 dollars per euro, 95.00 to 113.00 yen per dollar and 1.85 to 2.03 dollars per pound.
If any of the exchange rates are outside the range during the life of the notes, the payout will be par.
| Issuer: | AB Svensk Exportkredit
|
| Issue: | Principal-protected triple one-touch FX range notes
|
| Underlying currencies: | Euro, Japanese yen and British pound, each against dollar
|
| Amount: | $13.24 million
|
| Maturity: | Sept. 4, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each basket currency stays within specified range during life of notes, 103.25% of par; otherwise, par
|
| Ranges: | 1.35 to 1.60 dollars per euro; 95.00 to 113.00 yen per dollar; 1.85 to 2.03 dollars per pound
|
| Pricing date: | Feb. 19
|
| Settlement date: | March 4
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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