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Svensk plans Accelerated Return Notes on Rogers Commodity via Merrill
By Jennifer Chiou
New York, Feb. 23 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due May 2013 linked to the Rogers International Commodity Index-Excess Return, according to an FWP with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the underwriter.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.00 to $11.40 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price in March and settle in April.
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