Published on 2/24/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $10.17 million notes linked to S&P 500 for Svensk
By Susanna Moon
Chicago, Feb. 24 - Goldman, Sachs & Co. priced $10.17 million 0% index-linked notes due Sept. 9, 2010 linked to the S&P 500 index for issuer AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain on the index, up to a maximum redemption amount of $1,331.50 per $1,000 note.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Issuer: | AB Svensk Exportkredit
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Issue: | Index-linked notes
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Underlying index: | S&P 500
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Amount: | $10.17 million
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Maturity: | Sept. 9, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any index gain, capped at 133.15% of par; par if index falls by up to 10% and 1.1111% loss for each 1% decline beyond 10%
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Initial index level: | 775.0
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Buffer level: | 697.5, or 90% of initial index level
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Pricing date: | Feb. 23
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Settlement date: | March 9
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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