By Angela McDaniels
Tacoma, Wash., Nov. 26 - Eksportfinans ASA priced $7 million of 0% principal-protected notes due Nov. 27, 2009 linked to the Citi Carry Currency Dynamic USD Unfunded index via Citigroup Global Markets Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The index is a long- and short-weighted diversified currency and interest-rate index in which the currency allocation varies depending on the yield of 10 different currencies with specified maturities. The index currencies are the U.S. dollar, euro, British pound, Swiss franc, Australian dollar, New Zealand dollar, Japanese yen, Swedish krona, Norwegian krone and Canadian dollar.
The payout at maturity will be par plus 90% of any increase on the index. Investors will receive at least par.
Citigroup will not receive an underwriting discount, but it will earn $10 for each note sold by a financial adviser.
| Issuer: | Eksportfinans ASA
|
| Issue: | Principal-protected notes
|
| Underlying index: | Citi Carry Currency Dynamic USD Unfunded index
|
| Amount: | $7 million
|
| Maturity: | Nov. 27, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 90% of any index gain; floor of par
|
| Initial index level: | 161.2423
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
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