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Merrill plans Accelerated Return Notes on Energy Select for Svensk
By Susanna Moon
Chicago, June 24 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due September 2011 based on the performance of the Energy Select Sector index, according to an FWP filing with the Securities and Exchange Commission.
Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of $11.70 to $12.10 per note. The exact cap will be set at pricing.
Investors will be exposed to any index decline.
The notes will price in July and settle in August.
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