New Issue: Citigroup prices $13.88 million 90% protected notes linked to gold for Svensk

By Angela McDaniels

Tacoma, Wash., July 21 - AB Svensk Exportkredit priced $13.88 million of zero-coupon 90% principal-protected notes due July 22, 2011 linked to the spot price of gold via Citigroup Global Markets Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be 90% of par plus any increase in the spot price, subject to a maximum payout of $1,400 per $1,000 principal amount of notes. Investors will receive at least 90% of par.

Issuer:	AB Svensk Exportkredit
Issue:	90% principal-protected notes
Underlying commodity:	Gold
Amount:	$13,875,000
Maturity:	July 22, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	90% of par plus any increase in the price of gold, up to maximum payout of $1,400 per note; if gold price decreases, 90% of par
Initial price:	$937.50
Pricing date:	July 17
Settlement date:	July 22
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%

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