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Merrill Lynch to price Accelerated Return Notes linked to S&P MidCap 400 for Svensk
By Angela McDaniels
Tacoma, Wash., July 29 - AB Svensk Exportkredit plans to price 0% 14-month Accelerated Return Notes linked to the S&P MidCap 400 index via Merrill Lynch & Co. and First Republic Securities Co., LLC, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return that is expected to be 16% to 20% and will be set at pricing. Investors will be fully exposed to any index decline.
The notes will price in August or September, and the maturity date will fall in October or November of 2009.
The company said it will apply to list the notes on the NYSE Arca under the symbol "SZM."
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