By Angela McDaniels
Tacoma, Wash., Aug. 1 - Eksportfinans ASA priced $23.63 million of 0% leveraged buffered index-linked notes due Aug. 13, 2012 linked to the MSCI EAFE index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 13.2%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
The initial index level set by the issuer, 1,681.76, is lower than the actual closing level of the index on the pricing date, which was 1,684.27.
| Issuer: | Eksportfinans ASA
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $23.63 million
|
| Maturity: | Aug. 13, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to maximum return of 13.2%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
|
| Initial index level: | 1,681.76
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 6
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 28264M442
|
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