Published on 10/3/2011 in the Prospect News Structured Products Daily.
New Issue: Eksportfinans prices $47.28 million Accelerated Return Notes on DJ-UBS Commodities
By Toni Weeks
San Diego, Oct. 3 - Eksportfinans ASA priced $47.28 million of 0% Accelerated Return Notes due Dec. 4, 2012 linked to the Dow Jones-UBS Commodity Index-Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the underwriter.
The payout at maturity will be par of $10.00 plus triple any gain in the index, capped at 17.1%.
Investors will be fully exposed to losses.
Issuer: | Eksportfinans ASA
|
Issue: | Accelerated Return Notes
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Underlying index: | Dow Jones-UBS Commodity Index-Excess Return
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Amount: | $47,278,020
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Maturity: | Dec. 4, 2012
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Coupon: | 0%
|
Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 17.1%; exposure to losses
|
Initial level: | 143.9562
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Pricing date: | Sept. 29
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Settlement date: | Oct. 6
|
Underwriter: | Bank of America Merrill Lynch
|
Fees: | 2%
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Cusip: | 28264M384
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