By Susanna Moon
Chicago, Aug. 31 - Eksportfinans ASA priced $9.63 million of 0% leveraged buffered index-linked notes due March 7, 2013 linked to the MSCI EAFE index via Goldman Sachs & Co., 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 payout of $1,236 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% decline beyond 10%.
The initial index level set by the issuer, 1,498.95, is higher than the actual closing level at pricing, which was 1,482.51.
| Issuer: | Eksportfinans ASA
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $9.63 million
|
| Maturity: | March 7, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 23.6%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
|
| Initial index level: | 1,498.95
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 6
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 28264M392
|
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