Merrill plans 14-month Accelerated Return Notes on gold for Svensk

By Susanna Moon

Chicago, June 29 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due October 2013 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The payout at maturity will be par of $10.00 plus triple any gain in the price of gold, up to a return of $11.40 to $11.80 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in July and settle in August.

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