Merrill Lynch to sell Accelerated Return Notes linked to DJ - AIG Commodity for Svensk

By Susanna Moon

Chicago, Sept. 22 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due December 2009 linked to the Dow Jones - AIG Commodity Index - Excess Return via Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 27% to 31%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes will price in September and settle in October.

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