Merrill plans Accelerated Return Notes on gold for Eksportsportfinans

By Susanna Moon

Chicago, July 28 - Eksportfinans ASA plans to price 0% Accelerated Return Notes due November 2012 linked to the gold spot price, according to an FWP with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the underwriter.

The payout at maturity will be par of $10.00 plus triple any gain in the price of gold, up to a cap of $11.00 to $11.40 per note. The exact amount will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in August and settle in September.

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