Merrill to price 0% accelerated return bear notes linked to Consumer Discretionary Select for Svensk

By Laura Lutz

Des Moines, Jan. 11 - AB Svensk Exportkredit plans to price 0% accelerated return bear market notes due April 2009 linked to the Consumer Discretionary Select Sector index via underwriter Merrill Lynch & Co., according to an FWP filing with the Securities and Exchange Commission.

If the final index level is at least the initial level, the payout will be par plus 300% of any gain in the index. The payout will be capped at between 119.5% and 123.5% of par.

Otherwise, the payout will be par times the index performance.

Merrill Lynch said it applied to list the notes on the American Stock Exchange under the symbol "CBF."

The notes are expected to price in January and settle in February.

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