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

By Susanna Moon

Chicago, June 11 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due August 2009 linked to the S&P 500 index via Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price in June and settle in July.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of between 13% and 17%. The exact cap will be set at pricing.

Investors will be exposed to any index decline.

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

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