Autoliv Inc. (ALV), the world's largest maker of seatbelts and airbags, said Wednesday it has priced its upcoming equity offering that should raise $364 million.

The Swedish-American company said it will sell 13.4 million treasury shares of its common stock at a public offering price of $16.00 per share and six million equity units for $25.00 per unit.

Autoliv has also granted the underwriters an option to buy an additional 1.34 million shares of common stock and up to an additional 600,000 equity units.

Autoliv has suffered a drop in revenue in recent months as carmakers in Europe and the U.S. have slashed production.

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-By Ola Kinnander, Dow Jones Newswires; +46-8-5451-3097;