By Laura Lutz
Des Moines, Dec. 28 - Deutsche Bank Securities Inc. priced a $1.752 million issue of Buffered Underlying Securities (BUyS) due Dec. 29, 2011 linked to the S&P 500 index for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.
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, 80% 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 $200.
Deutsche Bank Securities Inc. is the underwriter.
| Issuer: | Eksportfinans ASA
|
| Issue: | Buffered Underlying Securities
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| Underlying index: | S&P 500
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| Amount: | $1.752 million
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| Maturity: | Dec. 29, 2011
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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 $200 if the final level is below the buffer level
|
| Initial index level: | 1,410.76
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| Buffer level: | 1,128.608, 80% of 1,410.76
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 29
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| Underwriters: | Deutsche Bank Securities Inc.
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