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Merrill Lynch to price Accelerated Return Notes linked to Nikkei 225 for Svensk
By Angela McDaniels
Tacoma, Wash., Jan. 5 - AB Svensk Exportkredit plans to price 0% 14-month Accelerated Return Notes linked to the Nikkei 225 index via underwriters 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 that is expected to be 15% to 19% and will be set at pricing. Investors will be fully exposed to any index decline.
The notes will price in January or February, and the maturity date will fall in March or April of 2010.
The issuer said it may apply to list the notes on NYSE Arca under the symbol "NGU."
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