Svensk pushes back pricing of Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 23 - AB Svensk Exportkredit's upcoming offering of 0% 14-month Accelerated Return Notes linked to the S&P 500 index is now expected to price in January or February, according to an FWP filing with the Securities and Exchange Commission.

The notes were originally expected to price in December or January.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 22.5% to 26.5%. The exact cap will be set at pricing. Investors will be exposed to any index decline.

The company said it may apply to list the notes on the NYSE Arca under the symbol "SPD."

Merrill Lynch & Co. and First Republic Securities Co., LLC are the underwriters.

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