New Issue: Goldman Sachs sells $6 million 95% principal-protected notes linked to five currencies for Svensk

By E. Janene Geiss

Philadelphia, April 24 -AB Svensk Exportkredit priced $6 million of zero-coupon 95% principal-protected notes due June 8, 2009 linked to a basket of five currencies, according to an FWP filing with the Securities and Exchange Commission.

Goldman, Sachs & Co. is the underwriter.

The basket will consist of equal weights of the Brazilian real, Indian rupee, Malaysian ringgit, Singapore dollar and United Arab Emirates dirham, each against the U.S. dollar.

At maturity, investors will receive 95% of par plus 2.6 times any gain in the basket. Investors will receive at least 95% of par.

Issuer:	AB Svensk Exportkredit
Issue:	95% principal-protected notes
Underlying currencies:	Equal weights of the Brazilian real, Indian rupee, Malaysian ringgit, Singapore dollar and United Arab Emirates dirham, each against the U.S. dollar
Amount:	$6 million
Maturity:	June 8, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	95% of par plus 2.6 times any gain in the basket; at least 95% of par
Initial exchange rates:	1.6557 for real, 39.95 for rupee, 3.1360 for ringgit, 1.3505 for Singapore dollar and 3.6720 for dirham
Pricing date:	April 22
Settlement date:	May 6
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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