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Svensk plans 95% principal-protected notes linked to five currencies via Goldman Sachs
By Laura Lutz
Des Moines, April 17 - AB Svensk Exportkredit plans to price 13-month zero-coupon 95% principal-protected notes linked to a basket of five currencies, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman, Sachs & Co. is the underwriter.
The basket will consist of equal weights of the Brazilian real, the Indian rupee, the Malaysian ringgit, the Singaporean dollar and the United Arab Emirates dirham, each against the U.S. dollar.
At maturity, investors will receive 95% of par plus any gain in the basket times a participation rate that is expected to be between 235% and 250%. The exact participation rate will be set at pricing.
Investors will receive at least 95% of par.
The notes are expected to price in April.
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