New Issue: Merrill prices $20.4 million Accelerated Return Notes linked to Euro Stoxx 50 for Svensk

By Jennifer Chiou

New York, Aug. 7 - AB Svensk Exportkredit priced $20.4 million of 0% Accelerated Return Notes due Oct. 2, 2009 linked to the Dow Jones Euro Stoxx 50 index via underwriter Merrill Lynch & Co. Inc., according to an EX-5 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 18.45%. Investors will be fully exposed to any index decline.

Issuer:	AB Svensk Exportkredit
Issue:	Accelerated Return Notes
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$20.4 million
Maturity:	Oct. 2, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at maximum return of 18.45%; full exposure to any index decline
Initial index level:	3,380.09
Agent:	Merrill Lynch & Co., Pierce, Fenner & Smith Inc.
Pricing date:	Aug. 5
Settlement date:	Aug. 12

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