Merrill plans Accelerated Return Notes tied to palladium for Svensk

By Toni Weeks

San Diego, July 29 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due November 2012 linked to the Front Month Palladium Futures Contract, according to an FWP with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The payout at maturity is par of $10.00 plus triple any gain in the fund, subject to a cap of 20% to 24% that will be set at pricing.

Investors will be fully exposed to losses.

The notes will price in August and settle in September.

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