New Issue: Citigroup prices $6.09 million to sell Stock Market Upturn notes linked to S&P 500 for Svensk

By E. Janene Geiss

Philadelphia, Sept. 26 - AB Svensk Exportkredit priced a $6.09 million issue of 0% Stock Market Upturn notes due Jan. 7, 2010 linked to the S&P 500 index via Citigroup Funding Inc., according to a424B filing with the Securities and Exchange Commission.

Payment at maturity will be par of $10.00 plus triple any gain on the index, up to a payout of $11.85 per $10.00 note.

Investors will be exposed to any losses.

Issuer:	AB Svensk Exportkredit
Issue:	Stock Market Upturn notes
Underlying index: S&P 500
Amount:	$6,091,890
Maturity:	Jan. 7, 2010
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If index increases, par plus triple any index gain, capped at $11.85 per note; otherwise, par times index performance
Initial index level: 1,185.87
Pricing date:	Sept. 24
Settlement date:	Sept. 29
Agent:	Citigroup Global Markets Inc.
Fees:	2.25%

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