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Published on 5/3/2011 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo sells $3.62 million enhanced growth notes tied to iShares MSCI EAFE for Svensk

By Angela McDaniels

Tacoma, Wash., May 3 - AB Svensk Exportkredit priced $3.62 million of 0% enhanced growth securities with leveraged upside and buffered downside due Aug. 6, 2014 linked to the iShares MSCI EAFE index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any increase in the exchange-traded fund's share price, subject to a maximum return of 32%. Investors will receive par if the share price falls by 15% or less and will lose 1.17647% for every 1% that it declines beyond 15%.

Issuer:AB Svensk Exportkredit
Issue:Enhanced growth securities with leveraged upside and buffered downside
Underlying ETF:iShares MSCI EAFE index fund
Amount:$3,617,000
Maturity:Aug. 6, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any fund gain, up to maximum return of 32%; par if fund falls by 15% or less; 1.17647% loss for every 1% decline beyond 15%
Initial share price:$63.46
Pricing date:April 29
Settlement date:May 6
Agent:Wells Fargo Securities, LLC
Fees:2.25%
Cusip:1019MAT5

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