Eksportfinans plans 10.8% knock-in reverse convertibles linked to Statoil

By Angela McDaniels

Seattle, Sept. 19 - Eksportfinans ASA plans to price an issue of one-year 10.8% knock-in reverse convertible securities linked to the common stock of Statoil ASA, according to a 424B3 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless Statoil stock trades below the knock-in level - 65% of the initial share price - and finishes below the initial share price, in which case the payout will be a number of share of Statoil stock equal to $1,000 divided by the initial price.

IXIS Securities North America Inc. will be the agent for the sale.

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