By Angela McDaniels
Tacoma, Wash., Sept. 16 - Eksportfinans ASA priced $12.89 million of 0% performance securities due Sept. 9, 2011 linked to the Deutsche Bank Balanced Currency Harvest index via underwriter Deutsche Bank Securities Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The index is designed to reflect a strategy of purchasing three-month forward contracts on currencies with high interest rates and selling three-month forward contracts on currencies with low interest rates.
The payout at maturity will be par plus 183% of any index gain. Investors will be fully exposed to any index decline.
| Issuer: | Eksportfinans ASA
|
| Issue: | Performance securities
|
| Underlying index: | Deutsche Bank Balanced Currency Harvest index
|
| Amount: | $12,894,000
|
| Maturity: | Sept. 9, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 183% of any index gain; full exposure to any index decline
|
| Initial index level: | 262.47
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Underwriter: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
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