Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Merrill Lynch to price Stars tied to S&P 500 index for Eksportfinans
By Angela McDaniels
Tacoma, Wash., Sept. 23 - Eksportfinans ASA plans to price six-month 0% Strategic Accelerated Redemption Securities linked to the S&P 500 index via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the notes will be automatically called and investors will receive par of $10 plus 6% to 10%. The exact call amount will be set at pricing.
If the final index level is less than the initial level, investors will be exposed to the decline.
The notes will price in October or November.
© 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.