Sallie Mae to price $4.03 bln student loan ABS

NEW YORK, Feb 12 (Reuters) - Sallie Mae SLM.N is slated
to price $4.03 billion of asset-backed securities supported by
student loans, market sources said on Monday.

Morgan Stanley, Credit Suisse and Barclays Capital will
underwrite the offering, they said.

The following are terms and conditions for "SLMA 07-2":
CL AMT(MLNS) MDY/S&P/FCH WAL BNCH GDNC
============================================
A-1 $1,628.0 Aaa/AAA/AAA 1.00 3mL -2a
A-2 1,349.0 Aaa/AAA/AAA 3.00 3mL +0/1
A-3 446.0 Aaa/AAA/AAA 5.00 3mL +3a
A-4 486.1 Aaa/AAA/AAA 6.48 3mL +6a
B 120.9 Aa1/AA/AAA 6.68 3mL +18a
Expected Settlement: 2/22