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

By E. Janene Geiss

Philadelphia, May 6 - 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.

If the euro declines against the dollar, the payout at maturity will be par plus 1.35 times to 1.5 times the absolute value of the percentage decline in the exchange rate. The exact leverage amount will be determined at pricing.

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

The notes are expected to price in May. The notes will mature 12 to 14 months after the settlement date.

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