New Issue: Banc of America prices $6.588 million foreign-exchange BRIC basket notes for Svensk

By Jennifer Chiou

New York, June 28 - Banc of America Securities LLC priced $6.588 million of zero-coupon foreign-exchange basket notes due June 29, 2009 linked to a basket of currencies for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted.

The payout at maturity will be par plus any appreciation of the basket currencies against the dollar multiplied by the participation factor of 260%. If the basket currencies depreciate against the dollar, the payout will be par.

Issuer:	AB Svensk Exportkredit
Issue:	Foreign-exchange basket notes
Underlying basket:	Brazilian real (25% weight), Russian ruble (25% weight), Indian rupee (25% weight), Chinese renminbi (25% weight), dollar (negative 100% weight)
Amount:	$6.588 million
Maturity:	June 29, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 260% of any basket increase; otherwise, par
Initial exchange rates:	1.939 reais per dollar, 25.765 rubles per dollar, 40.90 rupee per dollar, 7.6175 renminbi per dollar
Pricing date:	June 26
Settlement date:	June 29
Underwriter:	Banc of America Securities LLC
Fees:	1.25%

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