A switch module and a converter developed with the help of a switch module. The switch module presents two series connections comprising a power semi-conductor switch and and a diode and. Parallel to the first series connection a first capacitor is connected. Between the first capacitor and the second series connection at least one intermediate connection is connected. This is designed as quadripole, whereby between both the output connections a second capacitor is connected. The first output connection is connected through a third power semi-conductor switch with the first input connection. The second output connection is connected with the cathode of a third diode, whose anode is connected with the second input connection of the intermediate circuit. With this switch module at least five voltage levels can be set up for an output voltage. For each additionally present intermediate circuit the number of the possible voltage levels increases by two.
