New Issue: Goldman prices $14.98 million notes linked to Russell 2000 for Svensk

By Angela McDaniels

Tacoma, Wash., June 13 - AB Svensk Exportkredit priced $14.98 million of 0% equity index-linked notes due July 16, 2012 linked to the Russell 2000 index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 8.25%. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

The initial index level set for the notes, 793.71, is higher than the actual closing level of the index on the pricing date, 792.64.

Issuer:	AB Svensk Exportkredit
Issue:	Equity index-linked notes
Underlying index:	Russell 2000
Amount:	$14,983,000
Maturity:	July 16, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.25% if index return is negative 15% or greater; 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	793.71
Pricing date:	June 9
Settlement date:	June 16
Underwriter:	Goldman Sachs & Co.
Fees:	0.25%
Cusip:	01019A781

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