New Issue: Svensk Exportkredit sells $34.465 million add-on to notes linked to S&P 100, Russell 2000

By Jennifer Chiou

New York, Aug. 25 - AB Svensk Exportkredit priced a $34.465 million add-on to an issue of enhanced outperformance notes due Sept. 11, 2008 linked to the S&P 100 and Russell 2000 indexes, according to an FWP filing with the Securities and Exchange Commission.

The original $107.18 million was priced on Aug. 18 at par. The add-on was priced at 101.57%.

Payout at maturity will be based on the performance of the indexes, with the S&P 100 as the long index and the Russell 2000 as the short index. If the percentage increase of the long index exceeds that of the short index, holders will receive par plus triple the amount by which the long performance exceeds the short performance, capped at 40.02%.

Holders will participate in any decline determined according to the percentage by which the Russell 2000 outperforms the S&P 100, capped at 13.34%.

Issuer:	AB Svensk Exportkredit
Issue:	Enhanced outperformance notes
Underlying indexes:	S&P 100, Russell 2000
Amount:	$34.465 million (issue size now $141.645 million)
Maturity:	Sept. 11, 2008
Coupon:	0%
Price:	101.57
Payout at maturity:	Par plus triple the amount by which the long performance exceeds the short performance, capped at 40.02%, if the percentage increase of the S&P 100 exceeds that of the Russell 2000; participation in any decline determined according to the percentage by which the Russell 2000 outperforms the S&P 100, capped at 13.34%
Initial long index level:	1,297.89
Initial short index level:	707.38
Pricing date:	Aug. 25
Settlement date:	Aug. 29
Underwriter:	Goldman, Sachs & Co.

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