Merrill Lynch to price Accelerated Return Notes linked to S&P 500 for Svensk

By Jennifer Chiou

New York, Sept. 25 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due January 2010 linked to the S&P 500 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 300% of any index gain, subject to a maximum return that is expected to be 19% to 23% and will be set at pricing. Investors will be fully exposed to any index decline.

The notes will price in October and settle in November.

The company said it will apply to list the notes on the NYSE Arca under the symbol "SEO."

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