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Svensk plans Accelerated Return Notes tied to Russell 2000 via Merrill
By Marisa Wong
Madison, Wis., April 24 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due July 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
BofA Merrill Lynch is the underwriter.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12% to 16%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price in May and settle in June.
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