Goldman Sachs plans 0% leveraged bear notes linked to euro via Svensk

By Laura Lutz

Des Moines, April 7 - AB Svensk Exportkredit plans to price 0% leveraged bear notes due 2009 linked to the euro against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman, Sachs & Co. is the underwriter.

The notes are expected to mature in about 13 months. The exact maturity date will be set at pricing.

If the euro declines against the dollar, the payout at maturity will be par plus the percentage decline in the exchange rate times a participation rate that is expected to be between 145% and 160%.

The exact participation rate will be set at pricing.

Investors will lose 1% for each 1% that the euro increases relative to the dollar.

The notes are expected to price in April.

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