By Jennifer Chiou
New York, Dec. 9 - Eksportfinans ASA priced $29.7 million of notes due Nov. 16, 2009 linked to the Dow Jones - AIG Commodity Index - Total Return via underwriter Morgan Stanley & Co. Inc., according to a 424B3 filing with the Securities and Exchange Commission.
Interest is Libor minus 25 basis points, payable quarterly.
Payout at maturity will be par plus triple the sum of the index return minus the Treasury bill return minus a fee of 0.2% per year.
Investors may put the notes, at a minimum amount of $1 million, back to the company up to but excluding Nov. 9, 2009.
The notes will be called if the index falls below its trigger level, 85% of its initial level, with the payout calculated in the same way as at maturity.
| Issuer: | Eksportfinans ASA
|
| Issue: | Notes
|
| Underlying index: | Dow Jones - AIG Commodity Index - Total Return
|
| Amount: | $29.7 million
|
| Maturity: | Nov. 16, 2009
|
| Coupon: | Libor minus 25 bps, payable quarterly
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus triple sum of index return minus T-bill return minus fee of 0.2% per year
|
| Call: | Automatically if index falls below 85% of initial level
|
| Put option: | Until Nov. 9, 2009 at a minimum amount of $1 million
|
| Initial index level: | 219.839
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 16
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Fees: | None
|
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