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Published on 1/28/2011 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $5.47 million enhanced growth notes linked to S&P 500 for Svensk

By Angela McDaniels

Tacoma, Wash., Jan. 28 - AB Svensk Exportkredit priced $5.47 million of 0% enhanced growth securities with leveraged upside and contingent downside protection due Feb. 5, 2016 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 115% of any index gain. Investors will receive par if the index falls by less than 30%. If the index finishes at or below 70% of the initial level, the payout will be par plus the index return.

Issuer:AB Svensk Exportkredit
Issue:Enhanced growth securities with leveraged upside and contingent downside protection
Underlying index:S&P 500
Amount:$5,471,000
Maturity:Feb. 5, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus 115% of any index gain; par if index falls by less than 30%; par plus index return if index falls by 30% or more
Initial index level:1,296.63
Pricing date:Jan. 26
Settlement date:Jan. 31
Underwriter:Wells Fargo Securities, LLC
Fees:3%
Cusip:01019MAM0

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