By Jennifer Chiou
New York, June 5 - Nomura Securities International, Inc. priced a $1 million issue of callable leveraged Constant Maturity Swap (CMS) spread notes due June 22, 2027 for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.
During the first year, interest will be 12% times the day-count fraction. Thereafter, interest will accrue at 50 times the proportion of days on which the 30-year CMS rate is greater than the 10-year CMS rate times the day-count fraction. Interest is payable semiannually.
The notes may be called in whole on any interest payment date beginning on June 22, 2008 at par.
| Issuer: | Eksportfinans ASA
|
| Issue: | Callable leveraged Constant Maturity Swap (CMS) spread notes
|
| Amount: | $1 million
|
| Maturity: | June 22, 2027
|
| Coupon: | 12% times the day-count fraction during the first year; thereafter, interest will accrue at 50 times the proportion of days on which the 30-year CMS rate is greater than the 10-year CMS rate times the day-count fraction; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | June 1
|
| Settlement date: | June 22
|
| Agent: | Nomura Securities International, Inc.
|
| Fees: | 3.35%
|
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