New Issue: Svensk prices $5.35 million Accelerated Return Notes linked to silver via Merrill

By Toni Weeks

San Diego, July 2 - AB Svensk Exportkredit priced $5.35 million of 0% Accelerated Return Notes due Sept. 3, 2013 linked to the spot price of silver, according to a 424B2 filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The payout at maturity is par of $10.00 plus triple any gain in the price of silver, subject to a capped return of 30.76%.

Investors will be exposed to any losses.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying asset:	Silver spot price
Amount:	$5,353,720
Maturity:	Sept. 3, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any gain in silver price, capped at 30.76%; exposure to any losses
Initial level:	$26.81
Pricing date:	June 28
Settlement date:	July 6
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	01019A310

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