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Goldman Sachs to price 0% buffered notes linked to S&P 500 for Svensk
By Toni Weeks
San Diego, Aug. 11 - AB Svensk Exportkredit plans to price 0% buffered index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 24 to 27 months after issue.
If the final index return is positive, the payout at maturity will be par plus the index return, subject to a maximum redemption amount of $1,172.50 to $1,202.50 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
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