New Issue: Merrill Lynch prices $31 million 0% notes linked to Indonesian rupiah for Svensk

By Angela McDaniels

Seattle, April 13 - AB Svensk Exportkredit priced a $31 million issue of 0% enhanced exchange rate-linked notes due April 30, 2012 linked to the dollar/Indonesian rupiah exchange rate via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be 150.807% of par - equivalent to a 10.01% annual rate - multiplied by the index factor, which will be the initial number of rupiah per dollar divided by the final number of rupiah per dollar.

Issuer:	AB Svensk Exportkredit
Issue:	Enhanced exchange rate-linked notes
Underlying exchange rate:	Dollar/Indonesian rupiah
Amount:	$31 million
Maturity:	April 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	150.807% of par multiplied by the index factor, which equals the initial exchange rate divided by the final exchange rate
Initial exchange rate:	9,113 rupiah per dollar
Pricing date:	April 12
Settlement date:	April 30
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Underwriting discount:	None

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