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Eksportfinans plans 0% bearish enhanced growth securities linked to Oil Service HOLDRs via Wachovia
By Laura Lutz
Des Moines, Feb. 22 - Eksportfinans ASA plans to price 0% enhanced growth securities with bearish return due April 8, 2009 linked to Oil Service HOLDRs via Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.
If the final price is no more than the initial price, the payout at maturity will be par plus 200% of the absolute value of any decline in the HOLDRs, capped at a maximum payout that will be between 130% and 134% of par.
Otherwise, the payout will be par minus any percentage increase in the HOLDRs.
The notes are expected to price in February and settle in March.
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