Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sunoco, Inc. > News item |
Eksportfinans plans enhanced yield securities linked to Sunoco via Wachovia
By Laura Lutz
Des Moines, Nov. 5 - Eksportfinans ASA plans to price enhanced yield securities with contingent downside protection due June 3, 2008 linked to the common stock of Sunoco, Inc., according to an FWP filing with the Securities and Exchange Commission.
Wachovia Capital Markets, LLC is the agent.
The securities will bear interest at between 11% and 12% per year. The exact rate will be set at pricing.
Interest will be payable monthly.
The payout at maturity will be par unless Sunoco stock falls below the knock-in price - 80% of the initial price - during the life of the notes and finishes below the initial price, in which case the payout will be a number of Sunoco shares equal to par divided by the initial share price.
© 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.