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Bank of America Merrill to price Accelerated Return Notes on Rogers agriculture for Eksportfinans
By Jennifer Chiou
New York, June 24 -Eksportfinans ASA plans to price 0% Accelerated Return Notes due September 2012 linked to the Rogers International Commodity Index-Agriculture Excess Return, according to an FWP with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of $11.30 to $11.70 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price in July and settle in August.
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