New Issue: Merrill prices $55 million Accelerated Return Notes linked to S&P index for Svensk

By E. Janene Geiss

Philadelphia, June 27 - AB Svensk Exportkredit priced $55 million of 0% Accelerated Return Notes due Aug. 28, 2009 linked to the S&P 500 index via Merrill Lynch & Co. Inc., according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 17.94%. Investors will be fully exposed to any index decline.

The issuer has applied to list the securities on the American Stock Exchange under the symbol "AXF."

Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC also are acting as agents.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500 Index
Amount:	$55 million
Maturity:	Aug. 28, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at maximum return of 17.94%; full exposure to any index decline
Initial index level:	1,321.97
Pricing date:	June 25
Settlement date:	July 7
Underwriters:	Merrill Lynch & Co., Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%
Listing:	Amex: AXF

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