Svensk plans 14-month Accelerated Return Notes on silver via Merrill

By Marisa Wong

Madison, Wis., May 24 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due September 2013 linked to the spot price of silver, 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 silver, up to a maximum payment of $12.60 to $13.00 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

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

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