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Wachovia plans access securities linked to Nasdaq 100 for Eksportfinans
By Susanna Moon
Chicago, Feb. 25 - Eksportfinans ASA plans to price 0% access securities with capped upside and buffered downside due March 10, 2009 linked to the Nasdaq 100 index via agent Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.
If the final index level is above the initial level, holders will receive par plus the index gain, capped at 14% to 16%. Investors will receive par for losses up to 7.5% and will share in losses at a rate of 1.08108% per 1% drop beyond 7.5%.
The notes will price and settle sometime in 2008.
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