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Goldman Sachs to price bull notes linked to five currencies for Svensk
By Susanna Moon
Chicago, Dec. 4 - AB Svensk Exportkredit plans to sell zero-coupon principal-protected bull notes due 2009 linked to a basket of five currencies via underwriter Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains equal weights of the Brazilian real, Malaysian ringgit, Russian ruble, Singapore dollar and Taiwan dollar.
If the basket level appreciates against the U.S. dollar, the payout at maturity will be par plus the basket performance times a leverage factor between 1.35 and 1.6, with the exact amount to be set at pricing. Otherwise, investors will receive par.
The notes are expected to price and settle in 2007.
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