Merrill Lynch plans Accelerated Return Notes on Nasdaq 100 for Svensk

By Susanna Moon

Chicago, May 27 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due August 2011 based on the Nasdaq 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.40 to $11.80 per note. The exact cap will be set at pricing.

Investors will be exposed to any index decline.

The notes will price in June and settle in July.

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the agents.

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