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Credit Suisse to price buffered securities linked to CS Water index for Eksportfinans
By Laura Lutz
Des Moines, Nov. 21 - Eksportfinans ASA plans to price 0% buffered securities without principal protection due May 13, 2011 linked to the Credit Suisse Water index via Credit Suisse Securities (USA) LLC, according to a 424B3 filing with the Securities and Exchange Commission.
If the index closes below the trigger level - 60% of the initial level - during the life of the securities and finishes below its initial level, the payout at maturity will be par plus the index return.
Otherwise, the payout will be par plus any gain on the index. In that case, investors will receive at least par.
The notes are expected to price on Dec. 7 and settle on Dec. 14.
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