Wells Fargo to price 11%-12% enhanced yield securities linked to Research In Motion for Svensk

By Angela McDaniels

Tacoma, Wash., April 12 - AB Svensk Exportkredit plans to price enhanced yield securities due Nov. 10, 2010 linked to the common stock of Research In Motion Ltd. via underwriter Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes will carry an annualized coupon of 11% to 12%, with the exact coupon to be set at pricing. Interest will be payable monthly.

The payout at maturity will be par unless Research In Motion stock falls to or below 80% of the initial share price during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Research In Motion shares equal to $1,000 divided by the initial share price.

The notes will price in April and settle in May.

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