New Issue: Merrill Lynch prices $50.35 million Accelerated Return Notes linked to gold for Svensk

By Toni Weeks

San Diego, Nov. 1 - AB Svensk Exportkredit priced $50.35 million of 0% Accelerated Return Notes due Jan. 7, 2014 linked to the spot price of gold via Bank of America Merrill Lynch, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any percentage increase in the price of gold, subject to a maximum return of 13.5%. Investors will be exposed to any decline in the price of gold.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying commodity:	Gold
Amount:	$50,353,710
Maturity:	Jan. 7, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any increase in gold price, up to maximum return of 13.5%; exposure to any decline in gold price
Initial gold price:	$1,716
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	01019A187

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