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Merrill Lynch to price Accelerated Return Notes linked to Russell 2000 for Svensk
By Angela McDaniels
Tacoma, Wash., June 24 - AB Svensk Exportkredit plans to price 0% 14-month Accelerated Return Notes linked to the Russell 2000 index via Merrill Lynch & Co. and First Republic Securities Co., LLC, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 20% to 24%. The exact cap will be set at pricing. Investors will be fully exposed to any index decline.
The notes will price and settle in July or August, and the maturity date will fall in September or October of 2009.
The company said it applied to list the notes on the American Stock Exchange under the symbol "RCW.
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