New Issue: Merrill Lynch prices $18.31 million Accelerated Return Notes linked to MSCI EM for Svensk

By Angela McDaniels

Tacoma, Wash., July 30 - AB Svensk Exportkredit priced $18.31 million of 0% Accelerated Return Notes due Sept. 27, 2013 linked to the MSCI Emerging Markets index 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 index gain, subject to a maximum return of 18.93%. Investors will be exposed to any decline in the index.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying index:	MSCI Emerging Markets
Amount:	$18,306,350
Maturity:	Sept. 27, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to maximum return of 18.93%; exposure to any index decline
Initial index level:	916.44
Pricing date:	July 26
Settlement date:	Aug. 2
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	01019A278

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