By Toni Weeks
San Diego, Sept. 1 - Eksportfinans ASA priced $10.77 million of 0% leveraged buffered index-linked notes due March 21, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,183 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% drop beyond 10%.
The 1,215.59 initial index level is higher than the actual closing level of the index, 1,212.92, on the pricing date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Eksportfinans ASA
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $10,766,000
|
| Maturity: | March 21, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, up to a maximum payment of $1,183 per $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
|
| Initial index level: | 1,215.59
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 28264M426
|
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