New Issue: Merrill sells $4.1 million Capped Leveraged Index Return Notes linked to Nasdaq for Svensk

By Susanna Moon

Chicago, Jan. 9 - AB Svensk Exportkredit priced $4.1 million of 0% Capped Leveraged Index Return Notes due July 26, 2010 linked to the Nasdaq 100 index via underwriters Merrill Lynch & Co. and First Republic Securities Co., LLC, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 28.24%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Issuer:	AB Svensk Exportkredit
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Nasdaq 100 index
Amount:	$4.1 million
Maturity:	July 26, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, capped at 28.24%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	1,238.6
Pricing date:	Jan. 7
Settlement date:	Jan. 15
Underwriters:	Merrill Lynch & Co. and First Republic Securities Co., LLC
Fees:	2%

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