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Merrill Lynch to price Accelerated Return Notes linked to index basket for Svensk
By Angela McDaniels
Tacoma, Wash., Jan. 14 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due March 2009 linked to a basket of indexes via Merrill Lynch & Co., according to an FWP filing with the Securities and Exchange Commission.
The basket includes the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500 indexes.
The payout at maturity will be par of $10 plus triple any basket increase, subject to a maximum return that is expected to be 15% to 19% and will be determined at pricing. Investors will share in any basket decline.
The notes will price and settle sometime in January.
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