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Goldman Sachs to price leveraged ruble basket notes for Svensk
By Angela McDaniels
Tacoma, Wash., March 17 - AB Svensk Exportkredit plans to price 0% one-year leveraged ruble basket notes via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The final basket return will equal any change in the dollar/ruble exchange rate plus half of any change in the euro/dollar exchange rate.
The payout at maturity will be par plus a bonus amount plus 250% of the basket return. The bonus amount is expected to be 7% to 7.2% and will be set at pricing.
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