Merrill Lynch to price Capped Leveraged Index Return Notes linked to S&P 500 for Svensk

By Angela McDaniels

Tacoma, Wash., Jan. 5 - AB Svensk Exportkredit plans to price 0% 18-month Capped Leveraged Index Return Notes linked to the S&P 500 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 double any index gain, subject to a maximum return that is expected to be 18% to 22% and will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

The notes will price in January or February, and the maturity date will fall in July or August of 2010.

The issuer said it may apply to list the notes on NYSE Arca under the symbol "SBK."

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