New Issue: Merrill prices $20.21 million Capped Leveraged Index Return Notes tied to gold for Svensk

By Toni Weeks

San Diego, Nov. 28 - AB Svensk Exportkredit priced $20.21 million of Capped Leveraged Index Return Notes due Feb. 4, 2013 linked to the gold spot price, 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 gold spot price, subject to a maximum payment of $11.848 per $10.00 principal amount.

Investors will receive par if the gold spot price falls by up to 5% and will be exposed to any losses beyond 5%.

Bank of America Merrill Lynch is the underwriter.

Issuer:	AB Svensk Exportkredit
Issue:	Capped Leveraged Index Return Notes
Underlying commodity:	Gold spot price
Amount:	$20,209,480
Maturity:	Feb. 4, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any increase in the gold spot price, subject to cap of 18.48%; par if price falls by up to 5%, exposure to losses beyond 5%
Initial price:	$1,699.00
Threshold price:	$1,614.05, 95% of initial price
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	01019A518

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