New Issue: Morgan Stanley prices $3.15 million 0% PLUS linked to S&P 500 for Eksportfinans

By Toni Weeks

San Diego, Aug. 29 - Eksportfinans ASA priced $3.15 million of 0% Performance Leveraged Upside Securities due Sept. 28, 2012 linked to the S&P 500 index via Morgan Stanley & Co. LLC, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum payment of $11.70 per $10.00 principal amount.

Investors will be fully exposed to any decline in the index.

Issuer:	Eksportfinans ASA
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$3,145,000
Maturity date:	Sept. 28, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any gain in index, up to a maximum of $11.70 per $10.00 note; full exposure to losses
Initial level:	1,159.27
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	282645WG1

© 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.