New Issue: Merrill Lynch prices $37.92 million Accelerated Return Notes tied to Rogers index for Svensk

By Angela McDaniels

Tacoma, Wash., Aug. 30 - AB Svensk Exportkredit priced $37.92 million of 0% Accelerated Return Notes due Nov. 1, 2011 linked to the Rogers International Commodity Index - Excess Return via Merrill Lynch, Pierce, Fenner & Smith Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any increase in the index, subject to a maximum return of 16.18%. Investors will be exposed to any index decline.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying index:	Rogers International Commodity Index - Excess Return
Amount:	$37,917,500
Maturity:	Nov. 1, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, up to maximum return of 16.18%; exposure to any index decline
Initial index level:	2,323.51
Pricing date:	Aug. 26
Settlement date:	Sept. 2
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	01019M512

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