Banc of America to price five-year notes linked to oil for Eksportfinans

By Jennifer Chiou

New York, Jan. 2 - Eksportfinans ASA plans to price zero-coupon commodity-linked notes due Jan. 25, 2013 linked to WTI crude oil via underwriter Banc of America Securities LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the price of oil times a participation factor of at least 100%. Investors will receive at least par.

The notes are expected to price on Jan. 22 and settle on Jan. 25.

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