Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eksportfinans ASA > News item |
IXIS to price 16.75% knock-in reverse convertibles linked to 'Dogs of the Dow' for Eksportfinans
By Jennifer Chiou
New York, Feb. 7 - Eksportfinans ASA plans to price 16.75% knock-in reverse convertible securities due Feb. 28, 2008 linked to the "2007 Dogs of the Dow for February 2007," according to an FWP filing with the Securities and Exchange Commission.
IXIS Securities North America Inc. will be the agent.
The stocks include Pfizer Inc., Verizon Communications Inc., Altria Group, Inc., AT&T Inc., Citigroup Inc., Merck & Co., Inc., General Motors Corp., E.I. du Pont de Nemours and Co., General Electric Co. and JPMorgan Chase & Co.
Interest will be payable monthly.
The securities are expected to price on Feb. 23 and settle on Feb. 28.
At maturity, investors will receive par unless any of the basket stocks fall below the knock-in price - 60% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price of the least performing stock.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.