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Eksportfinans to price 14.6% reverse convertibles linked to Research in Motion via Natixis
By Laura Lutz
Des Moines, Sept. 28 - Eksportfinans ASA plans to price an issue of 14.6% reverse convertible notes due Oct. 17, 2008 linked to the common stock of Research in Motion Ltd., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
Payout at maturity will be par if Research in Motion stock stays above 65% of its initial price during the life of the notes or finishes above its initial price.
Otherwise, payout will be a number of Research in Motion shares equal to $1,000 divided by the initial price.
The notes are expected to price on Oct. 12 and settle on Oct. 17.
Natixis Securities North America Inc. will act as agent.
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