Published on 7/11/2006 in the Prospect News Convertibles Daily.
New Issue: Eksportfinans sells $4.808 million Index Out-Performance notes linked to S&P 500
By Jennifer Chiou
New York, July 11 - Eksportfinans ASA priced $4.808 million of Index Out-Performance Notes due Jan. 14, 2008 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
At maturity, the notes will pay par plus the gain on the index plus 10%.
After one year, the notes will be callable at 111% of par if the index fund trades at 111% of par or higher.
Issuer: | Eksportfinans ASA
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Issue: | Index Out-Performance Notes senior medium-term series A notes
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Underlying index: | S&P 500 index
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Amount: | $4.808 million
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Maturity: | Jan. 14, 2008
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the gain on the index plus 10%
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Call: | After one year at 111% of par if the index fund trades at 111% of par or higher
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Initial level: | 1,265.48
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Pricing date: | July 7
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Settlement date: | July 14
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Underwriter: | Deutsche Bank Securities, Inc.
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