New Issue: Svensk prices $16.26 million Accelerated Return Notes on MSCI Emerging Markets

New York, July 29 - AB Svensk Exportkredit priced $16.26 million of 0% Accelerated Return Notes due Sept. 26, 2014 tied to the MSCI Emerging Markets 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 16.98%. 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:	MSCI Emerging Markets
Amount:	$16,258,640
Maturity:	Sept. 26, 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 16.98%; 1% loss for every 1% decline
Initial index level:	962.36
Pricing date:	July 25
Settlement date:	Aug. 1
Underwriters:	Merrill Lynch & Co.
Fees:	2%
Cusip:	01020G801

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