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Wachovia to price enhanced growth securities linked to S&P 500 for Eksportfinans
By Susanna Moon
Chicago, Nov. 4 - Eksportfinans ASA plans to price 0% enhanced growth securities with leveraged upside and buffered downside due Nov. 30, 2010 linked to the S&P 500 index via underwriter Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus double any index gain, up to a maximum return of 28% to 32%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1.17647% for every 1% decline beyond 15%.
The notes will price and settle in November.
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