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Eksportfinans to price 15.52% reverse convertibles linked to NYSE Euronext via Natixis
By Laura Lutz
Des Moines, May 17 - Eksportfinans ASA plans to price 15.52% annualized knock-in reverse convertible securities due Nov. 28, 2007 linked to NYSE Euronext, Inc. common stock via Natixis Securities North America Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The securities are expected to price on May 18 and settle on May 25.
At maturity, investors will receive par unless NYSE Euronext stock falls below the knock-in price - 65% 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 NYSE Euronext shares equal to $1,000 divided by the initial share price.
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