Deutsche to price 17% notes linked to WCI for Eksportfinans

By Angela McDaniels

Seattle, Oct. 11 - Eksportfinans ASA plans to issue 17% one-year reverse convertible securities linked to the common stock of WCI Communities, Inc. via Deutsche Bank Securities Inc., according to a 424B3 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless WCI stock hits the knock-in level - 55% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of shares of WCI stock equal to $1,000 divided by the initial share price.

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