New Issue: Svensk prices $11.71 million Accelerated Return Notes on MSCI EAFE

New York, Oct. 28 - AB Svensk Exportkredit priced $11.71 million of 0% Accelerated Return Notes due Jan. 5, 2015 tied to the MSCI EAFE Index index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 13.38%. Investors will lose 1% for every 1% decline in the index.

The final index level will be the average closing level of the index on the five trading days ending Dec. 30, 2014.

Merrill Lynch & Co. is the underwriter.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying index:	MSCI EAFE Index
Amount:	$11,709,540
Maturity:	Jan. 5, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 13.38%; 1% loss for every 1% decline
Initial index level:	1,896.55
Final index level:	Average closing levels on five trading days ending Dec. 30, 2014
Pricing date:	Oct. 24
Settlement date:	Oct. 31
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	01020G868

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