Published on 6/30/2010 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $638,000 enhanced growth notes linked to S&P 500 for Eksportfinans
By Angela McDaniels
Tacoma, Wash., June 30 - Eksportfinans ASA priced $638,000 of 0% enhanced growth securities with upside participation to a cap and fixed percentage buffered downside due Jan. 3, 2014 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any index gain, subject to a maximum return of 31%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Issuer: | Eksportfinans ASA
|
Issue: | Enhanced growth securities with upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | S&P 500
|
Amount: | $638,000
|
Maturity: | Jan. 3, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 125% of any index gain, up to maximum return of 31%; par if index declines by 15% or less; 1% loss for every 1% decline beyond 15%
|
Initial index level: | 1,074.57
|
Pricing date: | June 28
|
Settlement date: | July 1
|
Underwriter: | Wells Fargo Securities, LLC
|
Fees: | 2.5%
|
Cusip: | 282645VB3
|
© 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.