New Issue: Goldman Sachs prices $11.92 million 0% buffer notes linked to two indexes for Svensk

By Angela McDaniels

Tacoma, Wash., June 9 - AB Svensk Exportkredit priced $11.92 million of 0% enhanced participation buffer notes due June 24, 2009 linked to a basket of indexes via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 65% weight and the MSCI EAFE index with a 35% weight.

The payout at maturity will be par plus triple any basket gain, subject to a maximum return of 13.56%. If the basket falls by 10% or less, the payout will be par. If the basket falls by more than 10%, investors will receive par multiplied by the quotient of the final basket level divided by the buffer level.

The initial basket level is 100, and the buffer level is 90.

Issuer:	AB Svensk Exportkredit
Issue:	Enhanced participation buffer notes
Underlying indexes:	S&P 500 (65% weight), MSCI EAFE (35% weight)
Amount:	$11,922,000
Maturity:	June 24, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any basket gain, capped at maximum return of 13.56%; par if basket declines by 10% or less; otherwise, par multiplied by the quotient of final basket level divided by buffer level
Initial basket level:	100
Buffer level:	90
Pricing date:	June 6
Settlement date:	June 11
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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