New Issue: Merrill prices $7.69 million Capped Leveraged Index Return Notes on palladium for Svensk

By Toni Weeks

San Diego, Nov. 28 - AB Svensk Exportkredit priced $7.69 million of Capped Leveraged Index Return Notes due Jan. 24, 2013 linked to the front-month futures contract for palladium, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any increase in the futures contract price, subject to a maximum payment of $11.83 per $10.00 principal amount.

Investors will receive par if the futures contract price falls by up to 10% and will be exposed to any losses beyond 10%.

Bank of America Merrill Lynch is the underwriter.

Issuer:	AB Svensk Exportkredit
Issue:	Capped Leveraged Index Return Notes
Underlying commodity:	Front-month palladium futures contract
Amount:	$7,689,040
Maturity:	Jan. 24, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any gain in the futures contract price, subject to cap of 18.3%; par if price falls by up to 10%, exposure to losses beyond 10%
Initial price:	$601.15
Threshold price:	$541.04, 90% of initial value
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	01019A526

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