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Wachovia to price enhanced growth securities linked to S&P 500 for Eksportfinans
By Angela McDaniels
Tacoma, Wash., Oct. 14 - Eksportfinans ASA plans to price 0% enhanced growth securities with leveraged upside and buffered downside due Nov. 10, 2010 linked to the S&P 500 index via underwriter Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, subject to a maximum return that is expected to be 26% to 30% and will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
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