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Merrill Lynch plans capped leveraged notes on palladium for Svensk
By Susanna Moon
Chicago, April 30 - AB Svensk Exportkredit plans to price 0% Capped Leveraged Index Return Notes due November 2011 based on the price of palladium, according to an FWP filing with the Securities and Exchange Commission.
Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the agents.
The payout at maturity will be par of $10 plus double any price gain, up to a maximum return of $13.00 to $13.40 per note. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes will price in May and settle in June.
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