New Issue: Svensk prices $25.66 million Accelerated Return Notes linked to S&P MidCap 400

New York, June 3 - AB Svensk Exportkredit priced $25.66 million of 0% Accelerated Return Notes due July 25, 2014 tied to the S&P MidCap 400 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 12.3%. Investors will lose 1% for every 1% decline in the index.

Merrill Lynch & Co. is the underwriter.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying index:	S&P MidCap 400 Index
Amount:	$25,659,810
Maturity:	July 25, 2014
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 12.3%; 1% loss for every 1% decline
Initial index level:	1,195.28
Pricing date:	May 30
Settlement date:	June 6
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	01020G405

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