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Wachovia plans absolute return range notes linked to iShares MSCI EAFE for Eksportfinans
By Jennifer Chiou
New York, June 4 - Eksportfinans ASA plans to price 0% absolute return range notes due Jan. 15, 2010 linked to the iShares MSCI EAFE index fund via agent Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.
If the fund is never above the upper barrier or below the lower barrier throughout the life of the notes, the payout at maturity will be par plus the absolute value of the fund return. Otherwise, the payout will be par.
The upper and lower barriers are expected to be between 17% and 23% above and below the initial fund level, respectively.
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