Merrill to price 0% Accelerated Return Notes linked to Dow Jones Industrial for Svensk

By Susanna Moon

Chicago, Feb. 1 - Merrill Lynch & Co. plans to price 0% Accelerated Return Notes due March 2009 linked to the Dow Jones Industrial Average for AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.

The notes are expected to price in February and settle in March.

The payout at maturity will be par of $10 plus triple any gain in the index, capped at a return of between 15% and 19%. The exact cap will be set at pricing.

If the index closes below the initial level, investors will be exposed to any losses.

The notes are expected to trade on the American Stock Exchange under the symbol "DVK."

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