New Issue: Wachovia sells $4.81 million absolute return range notes on MSCI EAFE for Eksportfinans

By Susanna Moon

Chicago, July 1 - Eksportfinans ASA priced $4.81 million of 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 index fund remains within its upper and lower barriers during the life of the notes, the payout at maturity will be par plus the absolute value of any index change. The upper barrier is 119.5% of the initial price, and the lower barrier is 80.5% of the initial value.

If the index fund closes outside of the barriers at any time, investors will receive par.

Wachovia Capital Markets, LLC is the agent.

Issuer:	Eksportfinans ASA
Issue:	Absolute return range notes
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$4,806,000
Maturity:	Jan. 15, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus absolute value of any fund price change if index stays within the range during life of notes; otherwise, par
Initial fund price:	$68.26
Upper barrier:	$81.571, or 119.5% of initial price
Lower barrier:	$54.949, or 80.5% of initial price
Pricing date:	July 27
Settlement date:	July 2
Agent:	Wachovia Capital Markets, LLC
Fees:	1.75%

© 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.