Merrill Lynch to price Leveraged Index Return Notes linked to Dow Jones - AIG Commodity index for Svensk

By E. Janene Geiss

Philadelphia, Sept. 24 - AB Svensk Exportkredit plans to price zero-coupon Capped Leveraged Index Return Notes due May 2010 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 plus double any index gain, with the return capped at between 25% and 29%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

The notes are expected to price in October and settle in November.

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