New Issue: Wells prices $5.1 million 0% commodity-linked enhanced growth securities for Svensk

By Toni Weeks

San Diego, March 31 - AB Svensk Exportkredit priced $5.1 million of 0% enhanced growth securities with leveraged upside and fixed percentage buffered downside due Oct. 1, 2014 linked to a basket of commodities via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket components are crude oil, platinum, copper, corn and cotton.

The payout at maturity will be par plus any gain in the basket value multiplied by a participation rate of 155%.

Investors will receive par if the basket declines by 15% or less and will share in any losses beyond that buffer.

Issuer:	AB Svensk Exportkredit
Issue:	Enhanced growth securities
Underlying components:	Crude oil, platinum, copper, corn and cotton, equally weighted
Amount:	$5.1 million
Maturity:	Oct. 1, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in basket times 155%; par if basket has declined by up to 15%; 1% loss for every 1% decline in basket beyond 15%
Pricing date:	March 29
Settlement date:	April 5
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	01019MAP3

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