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Merrill Lynch plans Accelerated Return Notes tied to gold for Svensk
By Jennifer Chiou
New York, Oct. 29 -AB Svensk Exportkredit plans to price Accelerated Return Notes due February 2012 linked to the spot price of gold, according to an FWP filing with the Securities and Exchange Commission.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
The payout at maturity will be par of $10 plus triple any gain in the price of gold, up to a maximum return of $11.80 to $12.20 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes are expected to price in November and settle in December.
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