New Issue: Wells sells $8.17 million 13% enhanced yield notes on Baker Hughes for Svensk

By Susanna Moon

Chicago, April 30 - AB Svensk Eksportkredit priced $8.17 million of 13% annualized enhanced yield securities due Nov. 10, 2010 based on the common stock of Baker Hughes Inc. via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Baker Hughes stock falls by 20% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Baker Hughes shares equal to $1,000 divided by the initial share price.

Issuer:	AB Svensk Eksportkredit
Issue:	Enhanced yield securities
Underlying stock:	Baker Hughes Inc. (NYSE: BHI)
Amount:	$8,166,000
Maturity:	Nov. 10, 2010
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	If Baker Hughes stock falls to or below the knock-in price of $41.136 during the life of the notes and finishes below the initial price, 19.4477 Baker Hughes shares; otherwise, par
Initial share price:	$51.42
Knock-in price:	$41.136, or 80% of initial price
Pricing date:	April 29
Settlement date:	May 6
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.25%
Cusip:	057224107

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