Natixis to price 9.4% reverse convertibles linked to Deere for Eksportfinans

By E. Janene Geiss

Philadelphia, Oct. 15 - Agent Natixis Securities North America Inc. plans to price an issue of 9.4% reverse convertible notes due Oct. 31, 2008 linked to the common stock of Deere & Co. for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

Payout at maturity will be par if Deere stock stays above 80% of its initial price during the life of the notes or finishes above its initial price.

Otherwise, payout will be a number of Deere shares equal to $1,000 divided by the initial price.

The notes are expected to price Oct. 26 and settle Oct. 31.

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