Svensk plans Accelerated Return Notes tied to Precious Metals index

By Marisa Wong

Madison, Wis., May 31 - AB Svensk Exportkredit plans to price 0% Accelerated Return Notes due September 2014 linked to the Merrill Lynch Commodity index eXtra Precious Metals Plus - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 11% to 15%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in June and settle in July.

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