New Issue: Goldman Sachs prices $20.13 million leveraged euro bear notes for Svensk

By Angela McDaniels

Tacoma, Wash., May 12 - AB Svensk Exportkredit priced $20.13 million of 0% leveraged euro bear notes due June 1, 2009 via underwriter Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.

If the euro depreciates relative to the dollar, the payout at maturity will be par plus 1.5% for every 1% depreciation.

If the euro appreciates relative to the dollar, the payout will be par minus 1% for every 1% appreciation.

Issuer:	AB Svensk Exportkredit
Issue:	Leveraged euro bear notes
Underlying currency:	Euro
Amount:	$20,126,000
Maturity:	June 1, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5% for every 1% depreciation of the euro versus the dollar; par minus 1% for every 1% appreciation of the euro versus the dollar
Initial exchange rate:	1.509 dollars per euro
Pricing date:	May 9
Settlement date:	May 23
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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