Merrill plans Accelerated Return Notes on Energy Select for Svensk

By Susanna Moon

Chicago, Jan. 27 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due April 2012 based on the performance of the Energy Select Sector index, according to an FWP with the Securities and Exchange Commission.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.50 to $11.90 per note. The exact cap will be set at pricing.

Investors will be exposed to any index decline.

The notes will price in February and settle in March.

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