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Merrill Lynch to price 0% Accelerated Return Notes linked to Dow Jones BRIC 50 for Svensk
By Susanna Moon
Chicago, March 26 - Merrill Lynch & Co. plans to price 0% Accelerated Return Notes due July 2009 linked to the Dow Jones BRIC 50 index for AB Svensk Exportkredit, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price in April and settle in May.
The payout at maturity will be par of $10 plus triple any gain in the index, capped at a return of between 24% and 28%. The exact cap will be set at pricing.
If the index finishes below the initial level, investors will be exposed to the loss.
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