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Merrill Lynch plans Accelerated Return Notes on S&P 500 for Svensk
By Jennifer Chiou
New York, Nov. 23 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due February 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.30 to $11.70 per note. The exact cap will be set at pricing.
Investors will be exposed to any index decline.
The notes will price and settle in December, at which time the Cusip will be announced.
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