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New Issue: Eksportfinans plans issue of EARNs linked to S&P 500, Nikkei, Euro Stoxx
By Angela McDaniels
Seattle, Aug. 9 - Eksportfinans ASA plans to price an issue of 0% Efficient Allocation Return Notes (EARNs) linked to the S&P 500, Nikkei 225 and Dow Jones Euro Stoxx 50 indexes, according to a 424B3 filing with the Securities and Exchange Commission.
The maturity date will be 45 months after the issue date, which is yet to be determined.
At maturity, investors will receive par plus 70% of the highest basket performance, 20% of the second-highest basket index performance and 10% of the lowest basket index performance. Investors will receive at least par.
Deutsche Bank Securities Inc. will be agent for the offering.
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