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Merrill plans Accelerated Return Notes on S&P MidCap 400 for Svensk
By Susanna Moon
Chicago, Dec. 22 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due March 2012 based on the performance of the S&P MidCap 400 index via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any index gain, up to a cap of $11.20 to $11.60 per note. The exact amount will be set at pricing.
Investors will be exposed to any losses.
The notes are expected to price in January and settle in February.
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