Published on 12/7/2005 in the Prospect News Convertibles Daily.
New Issue: Eksportfinans prices $15.6 million 0% notes linked to S&P 500
By Jennifer Chiou
New York, Dec. 7 - Eksportfinans ASA priced $15.604 million 0% medium-term triple up appreciation notes due June 14, 2007 linked to the S&P 500 index.
The redemption amount depends on the performance of the index and investors will receive a 117.1% return - the maximum redemption amount - if the final index level is greater than 105.7% of the initial index level; three times the return on the index if the final index level is equal to or greater than the initial index level and less than 105.7% of the initial index level; and investors will participate in any losses if the final index is less than the initial index level.
Issuer: | Eksportfinans ASA
|
Issue: | Medium-term triple up appreciation index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $15.604 million
|
Maturity: | June 14, 2007
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final index level is greater than 105.7% of the initial index level, then maximum redemption amount of 117.1% return; three times the return on the index if the final index level is equal to or greater than the initial index level and less than 105.7% of the initial index level; participation in any losses if the final index is less than the initial index level
|
Initial index level: | 1,249.48
|
Appreciation cap: | 105.71% of initial index level
|
Pricing date: | Nov. 30
|
Settlement date: | Dec. 14
|
Issuer ratings: | Moody's: Aaa
|
| S&P: AA+
|
Agent: | Goldman, Sachs & Co.
|
|
© 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.