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Svensk plans notes linked to Nikkei 225, FTSE/Xinhua China 25 via Merrill Lynch
By Laura Lutz
Des Moines, Feb. 28 - AB Svensk Exportkredit plans to price 0% accelerated return notes due June 2009 linked to a basket of two Asian indexes via Merrill Lynch & Co., according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Nikkei 225 index and the FTSE/Xinhua China 25 index.
If the final basket level is at least the initial level, the payout will be par plus 300% of any index gain, capped at maximum payout that will be between 120% and 124% of par.
Otherwise, the payout will be par times the basket performance.
The notes are expected to price in March and settle in April.
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