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Merrill plans Accelerated Return Notes on Industrial Select for Svensk
By Susanna Moon
Chicago, Jan. 27 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due April 2012 based on the performance of the Industrial Select Sector 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 $11.40 to $11.80 per note. The exact cap will be set at pricing.
Investors will be exposed to any index decline.
The notes will price in February and settle in March.
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