New Issue: Goldman Sachs prices $46.24 million bull notes linked to Asian currencies for Svensk

By Laura Lutz

Des Moines, Nov. 26 - AB Svensk Exportkredit priced $46.24 million of 0% bull notes due June 13, 2009 linked to a basket of three Asian currencies via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Chinese renminbi, the Malaysian ringgit and the Singapore dollar, each against the U.S. dollar.

If the final basket level is at least 101% of the initial level, the payout at maturity will be 113.5% of par. Otherwise, the payout will be 97.5% of par.

Issuer:	AB Svensk Exportkredit
Issue:	Bull notes
Underlying currencies:	Equal weights of Chinese renminbi, Malaysian ringgit and Singapore dollar, each against U.S. dollar
Amount:	$46,239,000
Maturity:	June 13, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	113.5% of par if basket increases by at least 1%; otherwise 97.5% of par
Pricing date:	Nov. 22
Settlement date:	Dec. 13
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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