Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Ford Motor Co. > News item |
Eksportfinans to price 22% knock-in reverse convertibles linked to U.S. automotive large caps
By Jennifer Chiou
New York, April 4 - Eksportfinans ASA plans to price 22% annualized knock-in reverse convertible securities due Oct. 30, 2007 linked to U.S. automotive large caps, according to an FWP filing with the Securities and Exchange Commission.
The underlying stocks include General Motors Corp. and Ford Motor Co.
Interest will be payable monthly.
The securities are expected to price on April 25 and settle on April 30.
At maturity, investors will receive par unless either stock falls below the knock-in price - 80% 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 the worst performing stock equal to $1,000 divided by the initial share price.
Natixis Securities North America Inc. will be the agent.
© 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.