| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
Natixis plans 27.5% reverse convertibles linked to JPMorgan for Eksportfinans
By Jennifer Chiou
New York, Feb. 27 - Eksportfinans ASA plans to price 27.5% annualized reverse convertible notes due Sept. 11, 2009 linked to the common stock of JPMorgan Chase & Co. via underwriter Natixis Securities North America Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless JPMorgan stock falls by more than 50% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of JPMorgan shares equal to $1,000 divided by the initial share price.
The notes will price on March 6 and settle on March 11.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.