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

By Angela McDaniels

Tacoma, Wash., June 23 - AB Svensk Exportkredit plans to price 14-month 0% Accelerated Return Notes linked to the S&P 500 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 that is expected to be 16% to 20% and will be set at pricing. Investors will be fully exposed to any index decline.

The issuer may apply to list the notes on NYSE Arca under the symbol "SGN."

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

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