Svensk to price Elements linked to Spectrum Large Cap U.S. Sector Momentum index

By Jennifer Chiou

New York, May 25 - AB Svensk ExportKredit plans to price 0% Elements due 2022 linked to the Spectrum Large Cap U.S. Sector Momentum index via agents Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The index was developed by BNP Paribas and is also referred to as the S&P Custom/BNP Paribas - Spectrum U.S. Sector Momentum index. It tracks the value of a notional portfolio composed of 10 sub-indexes of the S&P 500. The weights may be rebalanced daily according to a momentum strategy that increases the allocation to those that outperform the S&P 500 Total Return Index and cuts those that underperform. The weights are then modified to account for the correlation between the sub-indexes and the S&P 500 Total Return Index.

At maturity, investors will receive par times the change in the index, less an annual investor fee of 0.75% times the proportion of days elapsed.

Ninety days after the issue date, holders may put back the notes for repurchase on a weekly repurchase date.

Svensk ExportKredit intends to list the securities on the New York Stock Exchange under " EEH."

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