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Merrill plans Accelerated Return Notes on Russell 2000 for Svensk
By Jennifer Chiou
New York, June 23 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due September 2011 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $12.30 to $12.70 per note. The exact cap will be set at pricing.
Investors will be exposed to any index decline.
The notes will price in July and settle in August.
Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the agents.
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