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Eksportfinans to price 18.45% reverse convertibles linked to Capital One via Natixis
By Laura Lutz
Des Moines, Dec. 3 - Eksportfinans ASA plans to price an issue of 18.45% reverse convertible notes due Dec. 29, 2008 linked to the common stock of Capital One Financial Corp. via Natixis Securities North America Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
Payout at maturity will be par if Capital One stock stays above 65% of its initial price during the life of the notes or finishes above its initial price.
Otherwise, payout will be a number of Capital One shares equal to par divided by the initial price.
The notes are expected to price on Dec. 21 and settle on Dec. 27.
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