By Susanna Moon
Chicago, June 1 - Eksportfinans ASA priced $1.07 million of 2% enhanced growth securities with capped upside due June 10, 2011 linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.
Wachovia Capital Markets, LLC is the agent.
Interest is payable monthly.
The payout at maturity will be par plus double any index gain, up to a maximum amount of $1,250 per note.
Investors will be exposed to any losses.
| Issuer: | Eksportfinans ASA
|
| Issue: | Enhanced growth securities with capped upside
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,068,000
|
| Maturity: | June 10, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 25%; exposure to losses
|
| Initial level: | 906.83
|
| Pricing date: | May 28
|
| Settlement date: | June 2
|
| Underwriter: | Wachovia Capital Markets, LLC
|
| Fees: | 2.25%
|
© 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.
