New Issue: Citigroup prices $6.1 million fixed upside return notes linked to S&P 500 for Svensk

By Angela McDaniels

Tacoma, Wash., Feb. 25 - AB Svensk Exportkredit plans to price 0% fixed upside return notes due March 5, 2010 linked to the S&P 500 index via underwriter Citigroup Global Markets Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, then the payout at maturity will be par of $10 plus a fixed upside return of 20%.

If the final level is less than the initial level, investors will be fully exposed to the decline.

Issuer:	AB Svensk Exportkredit
Issue:	Fixed upside return notes
Underlying index:	S&P 500
Amount:	$6.1 million
Maturity:	March 5, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to initial level, par plus 20%; otherwise, full exposure to index decline
Initial index level:	743.33
Pricing date:	Feb. 23
Settlement date:	Feb. 26
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%

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