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Merrill Lynch to price Accelerated Return Bear Market Notes linked to S&P 500 for Svensk
By Angela McDaniels
Tacoma, Wash., Jan. 28 - AB Svensk Exportkredit plans to price one-year 0% Accelerated Return Bear Market Notes linked to the S&P 500 index via underwriters 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 5% for every 1% index decline, subject to a maximum return that is expected to be 10% to 14% and will be set at pricing. Investors will receive par if the index increases by 10% or less and will lose 1% for every 1% that the index advances beyond 10%.
The notes will price in February or March.
The issuer said it may apply to list the notes on NYSE Arca under the symbol "ABY."
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