By Jennifer Chiou
New York, April 16 - Eksportfinans ASA priced a $5.025 million add-on to its issue of 0% enhanced participation notes due April 19, 2009 linked to the Topix index via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.
Eksportfinans originally priced $27.561 million of the notes on April 5. The total amount of notes priced is now $32.586 million.
If the final index level is greater than the initial index level, investors will receive par plus four times any return on the index, capped at a maximum payout of 142.8% of par.
Investors will participate fully in any decline in the index.
| Issuer: | Eksportfinans ASA
|
| Issue: | Enhanced participation notes
|
| Underlying index: | Topix
|
| Amount: | $32.586 million, including $5.025 million add-on
|
| Maturity: | April 19, 2009
|
| Coupon: | 0%
|
| Price: | Par for $27.561 million; 102.95 for $5.025 million add-on
|
| Payout at maturity: | Par plus four times any positive return on the index, capped at a payout of 142.8% of par; full exposure to any loss
|
| Initial index level: | 1,720.72
|
| Pricing date: | April 5 for $27.561 million; April 13 for add-on
|
| Settlement date: | April 19
|
| Underwriter: | Goldman, Sachs & Co.
|
| Underwriting discount: | 0.25%
|
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