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Merrill plans accelerated return notes linked to PHLX Oil for Svensk
By Susanna Moon
Chicago, Jan. 4 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due March 2014 linked to the PHLX Oil Service Sector index, according to an FWP 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 index, up to a maximum payment of $11.60 to $12.00 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes are expected to price and settle in January.
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