New Issue: Eksportfinans prices $1.5 million autocallable CMS spread notes via Nomura

By Jennifer Chiou

New York, Oct. 16 - Nomura Securities International, Inc. priced $1.5 million of autocallable Constant Maturity Swap spread notes due Oct. 27, 2013 for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.

If on any semiannual automatic early redemption date, the spread of the 30-year CMS rate over the two-year CMS rate is greater than 1.32%, the notes will automatically redeemed at 105% in the first semester, increasing 5% for each subsequent semester through the 10th at 150%.

Issuer:	Eksportfinans ASA
Issue:	Autocallable Constant Maturity Swap spread notes
Amount:	$1.5 million
Maturity:	Oct. 27, 2013
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	Par
Call:	Automatic if on any semiannual automatic early redemption date, the spread of the 30-year CMS rate over the two-year CMS rate is greater than 1.32%, the notes will automatically redeemed at 105% in the first semester, increasing 5% for each subsequent semester through the 10th at 150%
Pricing date:	Oct. 15
Settlement date:	Oct. 27
Agent:	Nomura Securities International, Inc.
Fees:	None

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