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

By E. Janene Geiss

Philadelphia, May 27 - AB Svensk Exportkredit plans to price 14-month 0% Accelerated Return Notes linked to the S&P 500 index via underwriters Merrill Lynch & Co., First Republic Securities Co., LLC and Banc of America Investment Services, Inc., 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 17.5% to 21.5% and will be set at pricing. Investors will be fully exposed to any index decline.

The notes are expected to price in June and settle in July and the maturity date is slated for September 2010.

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

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