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Merrill Lynch to price Accelerated Return Notes linked to Russell 2000 for Svensk
By Angela McDaniels
Tacoma, Wash., March 11 - AB Svensk Exportkredit plans to price 14-month 0% Accelerated Return Notes linked to the Russell 2000 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 triple any index gain, subject to a maximum return that is expected to be 33.5% to 37.5% and will be set at pricing. Investors will be fully exposed to any index decline.
The notes are expected to price in March or April, and the maturity date will fall in May or June of 2010.
The issuer said it may apply to list the notes on the NYSE Arca under the symbol "RBW."
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