By E. Janene Geiss
Philadelphia, May 14 - Deutsche Bank Securities Inc. priced a $12.415 million issue of Buffered Underlying Securities (BUyS) due May 17, 2010 linked to an index basket for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, along with the MSCI EAFE and Russell 2000 indexes, each with a 25% weight.
At maturity, investors will receive par plus the gain on the index if the final level of the index is above the initial level of 1,410.76. If the final level is below the initial level but above the buffer level, 90% of the initial level, investors will receive par.
If the final level is below the buffer level, investors will receive par times the return on the index plus $100.
Deutsche Bank Securities Inc. is the underwriter.
| Issuer: | Eksportfinans ASA
|
| Issue: | Buffered Underlying Securities
|
| Underlying basket: | S&P 500 (50% weight), MSCI EAFE (25% weight), Russell 2000 (25% weight)
|
| Amount: | $12.415 million
|
| Maturity: | May 17, 2010
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| Payout at maturity: | Index return if final level of the index is above the initial level; par if the final level is below the initial level and above the buffer level; index return plus $100 if the final level is below the buffer level
|
| Initial index levels: | 1,403.58 for S&P; 2,150.64 for MSCI EAFE; 733.23 for Russell 2000
|
| Buffer level: | 90%
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| Pricing date: | May 12
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| Settlement date: | May 15
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| Underwriters: | Deutsche Bank Securities Inc.
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