Merrill Lynch to price Accelerated Return Bear Market Notes linked to S&P 500 for Svensk

By Angela McDaniels

Tacoma, Wash., Jan. 31 - AB Svensk Exportkredit plans to price 0% Accelerated Return Bear Market Notes due May 2009 linked to the S&P 500 index via Merrill Lynch & Co., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 5% for each 1% index decline, subject to a maximum return that is expected to be 12% to 16% and will be determined at pricing. Investors will receive par if the index advances by 10% or less and will lose 1% for each 1% that the index climbs beyond 10%.

The notes will price in February and settle in March.

The company said it applied to list the notes on the American Stock Exchange under the symbol "BJV."

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