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ELEMENTS are exchange-traded notes designed to track the return of a specific underlying market measure. ELEMENTS provide convenient access to markets and strategies that may not be readily available to individual investors. After their initial offering, ELEMENTS can be bought and sold through a broker or financial advisor on a U.S. securities exchange.

Note: Swedish Export Credit Corp. (“SEK”) has resumed issuance of new securities of SEK-issued ELEMENTS ETNs following the filing of its Annual Report on Form 20-F for 2008 on May 20, 2009.

Note: On or about April 3, 2009, three commodity-linked ELEMENTS issued by Credit Suisse (the “CS Commodity ELEMENTS”) will be voluntarily delisted from NYSE Arca. As a result, the CS Commodity ELEMENTS will no longer be bought or sold on a U.S. securities exchange and their prices will no longer be listed on a U.S. securities exchange or quoted on any quotation medium. However, Credit Suisse Securities (USA) LLC, an affiliate of Credit Suisse, the issuer of the CS Commodity ELEMENTS, has indicated it expects to bid for ELEMENTS offered for sale to it, although it is not required to do so and may cease making bids at any time. Current bid prices for each CS Commodity ELEMENTS will be posted on Bloomberg by CUSIP number. For more information please see the press release related to the delisting of the CS Commodity ELEMENTS, which may be accessed here.
Prospectus  Current Offering List  Printable Format
ELEMENTSSM Linked to the Benjamin GrahamSM Large Cap Value Index - Total Return (BVL)
Benjamin Graham Large Cap ELEMENTS are linked to the performance of the Benjamin Graham Large Cap Value Index - Total Return. The Index tracks the value of a portfolio of fifty large-cap U.S. stocks that are selected according to the Benjamin Graham Methodology, developed by Nuveen HydePark.
Closing Price: $8.70
Change: $0.00
52-week High/Low: $11.74/$4.80
Volume: 200
Yearly Fee: 0.75%
Maturity Date: 8/14/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close 07/01/2009
Product Brochure Prospectus
ELEMENTSSM Linked to the Benjamin GrahamSM Small Cap Value Index - Total Return (BSC)
Benjamin Graham Small Cap ELEMENTS are linked to the performance of the Benjamin Graham Small Cap Value Index - Total Return. The Index tracks the value of a portfolio of one hundred small-cap U.S. stocks that are selected according to the Benjamin Graham Methodology, developed by Nuveen HydePark.
Closing Price: $8.36
Change: N.A.
52-week High/Low: $12.83/$3.06
Volume: 300
Yearly Fee: 0.75%
Maturity Date: 8/14/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close 06/29/2009
Product Brochure Prospectus
ELEMENTSSM Linked to the Benjamin GrahamSM Total Market Value Index - Total Return (BVT)
Benjamin Graham Total Market Value ELEMENTS are linked to the performance of the Benjamin Graham Total Market Value Index - Total Return. The Index tracks the value of a portfolio of one hundred U.S. stocks that are selected from the 3,000 largest U.S. companies by market capitalization according to the Benjamin Graham Methodology, developed by Nuveen HydePark.
Closing Price: $7.75
Change: -$0.51
52-week High/Low: $12.00/$4.78
Volume: 116
Yearly Fee: 0.75%
Maturity Date: 8/14/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTSSM Linked to the S&P Commodity Trends Indicator - Total Return (LSC)
CTI ELEMENTS are designed to track the performance of the S&P Commodity Trends Indicator - Total Return. The index is comprised of 16 commodity futures contracts divided among six commodity sectors. The Index is designed to capture trends within commodity markets by setting its sector groupings long or short each month based on price signals.
Closing Price: $9.22
Change: -$0.17
52-week High/Low: $13.39/$7.77
Volume: 12,153
Yearly Fee: 0.75%
Maturity Date: 6/16/2023
Issuer: HSBC USA Inc. (AA-/Aa3)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTSSM Linked to the MLCX Gold Index - Total Return (GOE)
MLCX Gold ELEMENTS Exchange-Traded Notes (ETNs) are intended to provide investors with exposure to the gold sector of the global commodity market. The performance of MLCX Gold ELEMENTS ETNs is linked to the MLCX Gold Index – Total Return (MLCX Gold Index).
Closing Price: 0
Change: N.A.
52-week High/Low: N.A./N.A.
Volume: 0
Yearly Fee: 0.375%
Maturity Date: 4/10/2023
Issuer: Credit Suisse (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTSSM Linked to the MLCX Livestock Index - Total Return (LSO)
MLCX Livestock ELEMENTS Exchange- Traded Notes (ETNs) are intended to provide investors with exposure to the livestock sector of the global commodity market. The performance of MLCX Livestock ELEMENTS ETNs is linked to the MLCX Livestock Index – Total Return (MLCX Livestock Index).
Closing Price: 0
Change: N.A.
52-week High/Low: N.A./N.A.
Volume: 0
Yearly Fee: 0.75%
Maturity Date: 4/10/2023
Issuer: Credit Suisse (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTSSM Linked to the MLCX Precious Metals Plus Index - Total Return (PMY)
MLCX Precious Metals ELEMENTS Exchange- Traded Notes (ETNs) are intended to provide investors with exposure to the precious metals sector of the global commodity market. The performance of MLCX Precious Metals ELEMENTS ETNs is linked to the MLCX Precious Metals Plus Index – Total Return (MLCX Precious Metals Index).
Closing Price: 0
Change: N.A.
52-week High/Low: N.A./N.A.
Volume: 0
Yearly Fee: 0.75%
Maturity Date: 4/10/2023
Issuer: Credit Suisse (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTSSM Linked to the Credit Suisse Global Warming Index, Exchange Series (GWO)
Global Warming ELEMENTS are designed to track the performance of the Credit Suisse Global Warming Index, Exchange Series. The Index is derived from the universe of companies that are involved in industries important to the fight against global warming. The Index is comprised of the 50 stocks within the global warming universe that score the highest on an objective, rules-based valuation scale.
Closing Price: $6.11
Change: N.A.
52-week High/Low: $9.75/$3.09
Volume: 3,138
Yearly Fee: 0.75%
Maturity Date: 4/10/2023
Issuer: Credit Suisse (A+/Aa1)*
As of market close 06/30/2009
Product Brochure Prospectus
ELEMENTS Linked to the Australian Dollar/U.S. Dollar Exchange Rate
Australian Dollar ELEMENTS Notes are designed for investors who anticipate that the Australian dollar will appreciate against the U.S. dollar. Australian Dollar ELEMENTS track the performance of the Australian Dollar/U.S. Dollar exchange rate plus the returns received on overnight deposits in Australian Dollars, subject to an investor fee.
Closing Indicative Value : $8.94
Daily Repurchase Value: $8.94
CUSIP: 25154H 715
Maturity Date: 2/23/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTS Linked to the U.S. Dollar/Canadian Dollar Exchange Rate
Canadian Dollar ELEMENTS Notes are designed for investors who anticipate that the Canadian dollar will appreciate against the U.S. dollar. Canadian Dollar ELEMENTS track the performance of the U.S. Dollar/Canadian Dollar exchange rate plus the returns received on overnight deposits in Canadian Dollars, subject to an investor fee.
Closing Indicative Value : $8.76
Daily Repurchase Value: $8.76
CUSIP: 25154H 699
Maturity Date: 2/23/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTS Linked to the U.S. Dollar/Swiss Franc Exchange Rate
Swiss Franc ELEMENTS Notes are designed for investors who anticipate that the Swiss franc will appreciate against the U.S. dollar. Swiss Franc ELEMENTS track the performance of the U.S. Dollar/Swiss Franc exchange rate plus the returns received on overnight deposits in Swiss Francs, subject to an investor fee.
Closing Indicative Value : $10.14
Daily Repurchase Value: $10.14
CUSIP: 25154H 79 8
Maturity Date: 2/23/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTS Linked to the Euro/U.S. Dollar Exchange Rate
Euro ELEMENTS Notes are designed for investors who anticipate that the euro will appreciate against the U.S. dollar. Euro ELEMENTS track the performance of the Euro/U.S. Dollar exchange rate plus the returns received on overnight deposits in Euros, subject to an investor fee.
Closing Indicative Value : $9.63
Daily Repurchase Value: $9.63
CUSIP: 25154H 814
Maturity Date: 2/23/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTS Linked to the British Pound/U.S. Dollar Exchange Rate
British Pound ELEMENTS Notes are designed for investors who anticipate that the British pound will appreciate against the U.S. dollar. British Pound ELEMENTS track the performance of the British Pound/U.S. Dollar exchange rate plus the returns received on overnight deposits in British pounds, subject to an investor fee.
Closing Indicative Value : $8.53
Daily Repurchase Value: $8.53
CUSIP: 25154H 72 3
Maturity Date: 2/23/2023
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close N.A.
Prospectus
ELEMENTS SM Linked to the MLCX Biofuels Index (Exchange Series)- Total Return (FUE)
MLCX Biofuels ELEMENTS Exchange (Exchange Series)- Traded Notes (ETNs) are intended to provide investors with exposure to the biofuels sector of the global commodity market. The performance of MLCX Biofuels ELEMENTS ETNs is linked to the MLCX Biofuels Index (Exchange Series) – Total Return (MLCX Biofuels Index).
Closing Price: $7.30
Change: $0.00
52-week High/Low: $12.05/$5.51
Volume: 800
Yearly Fee: 0.75%
Maturity Date: 02/13/2023
Issuer: SEK (Aa1/AA+)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTSSM Linked to the MLCX Grains Index - Total Return (GRU)
MLCX Grains ELEMENTS Exchange- Traded Notes (ETNs) are intended to provide investors with exposure to the grains sector of the global commodity market. The performance of MLCX Grains ELEMENTS ETNs is linked to the MLCX Grains Index – Total Return (MLCX Grains Index).
Closing Price: $5.59
Change: -$0.19
52-week High/Low: $11.08/$4.45
Volume: 28,870
Yearly Fee: 0.75%
Maturity Date: 02/14/2023
Issuer: SEK (Aa1/AA+)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTS - "Dogs of the Dow" Linked to the Dow Jones High Yield Select 10 Total Return IndexSM (DOD)
Dogs of the Dow ELEMENTS are designed to track the performance of the Dow Jones High Yield Select 10 Total Return IndexSM, an index that seeks to replicate the “Dogs of the Dow” investment strategy. This strategy advocates investing in the Dow Jones Industrial AverageSM (DJIA) stocks with the highest dividend yield and holding them during the 12-month period ending in December.
Closing Price: $5.55
Change: N.A.
52-week High/Low: $9.02/$2.92
Volume: 116
Yearly Fee: 0.75%
Maturity Date: 11/14/2022
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close 06/30/2009
Product Brochure Prospectus
ELEMENTS Linked to the Morningstar® Wide Moat FocusSM Total Return Index (WMW)
This offering is designed to track the performance of the Morningstar Wide Moat Focus Total Return Index. The Index is comprised of the common stocks of the twenty companies within the Morningstar Wide Moat universe that have the highest ratio of fair value to stock price
Closing Price: $8.37
Change: -$0.22
52-week High/Low: $10.70/$4.89
Volume: 6,392
Yearly Fee: 0.75%
Maturity Date: 10/24/2022
Issuer: Deutsche Bank AG (A+/Aa1)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTS Linked to the Rogers International Commodity Index® – Total ReturnSM (RJI)
This offering is designed to track the performance of the Rogers International Commodity Index – Total Return, an index designed to provide investors with exposure to commodities consumed in the global economy.
Closing Price: $6.86
Change: -$0.16
52-week High/Low: $14.10/$5.26
Volume: 290,328
Yearly Fee: 0.75%
Maturity Date: 10/24/2022
Issuer: SEK (Aa1/AA+)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTS Linked to the Rogers International Commodity Index® – Agriculture Total ReturnSM (RJA)
This offering is designed to track the performance of the Rogers International Commodity Index – Agriculture Total Return, an index designed to provide investors with exposure to commodities in the agriculture sub-sector.
Closing Price: $7.23
Change: -$0.09
52-week High/Low: $12.32/$6.21
Volume: 583,456
Yearly Fee: 0.75%
Maturity Date: 10/24/2022
Issuer: SEK (Aa1/AA+)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTS Linked to the Rogers International Commodity Index® – Energy Total ReturnSM (RJN)
This offering is designed to track the performance of the Rogers International Commodity Index – Energy Total Return, an index designed to provide investors with exposure to commodities in the energy sub-sector.
Closing Price: $5.79
Change: -$0.25
52-week High/Low: $17.83/$3.93
Volume: 57,861
Yearly Fee: 0.75%
Maturity Date: 10/24/2022
Issuer: SEK (Aa1/AA+)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTS Linked to the Rogers International Commodity Index® – Metals Total ReturnSM (RJZ)
This offering is designed to track the performance of the Rogers International Commodity Index – Metals Total Return, an index designed to provide investors with exposure to commodities in the metals sub-sector
Closing Price: $7.39
Change: -$0.11
52-week High/Low: $11.01/$5.17
Volume: 27,396
Yearly Fee: 0.75%
Maturity Date: 10/24/2022
Issuer: SEK (Aa1/AA+)*
As of market close 07/02/2009
Product Brochure Prospectus
ELEMENTS Linked to the SPECTRUM Large Cap U.S. Sector Momentum Index (EEH)
This offering is designed to track the performance of the SPECTRUM US Sector Momentum Index, an index that applies a "momentum investing" strategy to the ten sectors of the S&P 500® Index.
Closing Price: $6.95
Change: $0.00
52-week High/Low: $13.96/$5.49
Volume: 600
Yearly Fee: 0.75%
Maturity Date: 08/08/2022
Issuer: SEK (Aa1/AA+)*
As of market close 07/01/2009
Product Brochure Prospectus

* The credit rating represents a current opinion of an agency as to the ability of the issuer to meet its obligations. The credit rating of an issuer does not address, affect or enhance the closing indicative value calculation of the ELEMENTS, however, the market (trading) price of the ELEMENTS may be impacted. ELEMENTS are not principal protected. A credit rating is not a recommendation to buy, sell, or hold the ELEMENTS, and may be subject to revision or withdrawal at any time by the assigning rating agency. Each credit rating should be evaluated independently of any other credit rating.

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Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer and a wholly-owned subsidiary of Bank of America Corporation.
Securities Products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

In considering ELEMENTS as an investment, an investor should review the ELEMENTS prospectus for the particular offering and discuss the security with legal, tax and financial advisors before taking any action. In the event of any inconsistency between this website and the prospectus for a particular offering of ELEMENTS, you should rely on the prospectus in evaluating that offering. Please review Legal Information and Privacy Statement for additional important legal information and the terms and conditions governing use of this website.