Citigroup to price callable soft commodity basket-linked notes for Svensk

By Angela McDaniels

Tacoma, Wash., July 1 - AB Svensk Exportkredit plans to price 0% three-year mandatory callable soft commodity basket-linked notes via Citigroup Global Markets Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes corn, soybeans and wheat.

If the price of each basket commodity is equal to or greater than its initial price on any semiannual mandatory redemption date, the notes will be called.

The redemption amount will be par plus 5% if the notes are called in January 2009, par plus 10% if called in July 2009, par plus 15% if called in January 2010, par plus 20% if called in July 2010, par plus 25% if called in January 2011 and par plus 30% if called in July 2011.

If the notes are not called, the payout at maturity will be par.

The notes are expected to price and settle in July.

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