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Merrill Lynch to price Accelerated Return Notes linked to Russell 2000 for Svensk
By Angela McDaniels
Tacoma, Wash., Dec. 21 - AB Svensk Exportkredit plans to price 14-month 0% Accelerated Return Notes linked to the Russell 2000 index via Merrill Lynch, Pierce, Fenner & Smith Inc. 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 of 22% to 26% that will be set at pricing. Investors will be exposed to any index decline.
The notes will price in January or February.
The issuer said it may apply to list the notes on NYSE Arca under the symbol "AGR."
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