Published on 7/1/2008 in the Prospect News Structured Products Daily.
New Issue: Wachovia prices $3.43 million access securities linked to Dow Industrials for Eksportfinans
By Susanna Moon
Chicago, July 1 - Eksportfinans ASA priced $3.43 million of 0% access securities with buffered downside due July 2, 2010 linked to the Dow Jones Industrial Average via agent Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus any index gain, capped at a return of 20% per note. Investors will receive par for losses of up to 15% and will lose 1.17647% per 1% drop beyond 15%.
Issuer: | Eksportfinans ASA
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Issue: | Access securities with buffered downside
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Underlying index: | Dow Jones Industrial Average
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Amount: | $3,428,000
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Maturity: | July 2, 2010
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any index gain, up to maximum return of 20%; par if index falls by up to 15%; 1.17647% loss for every 1% decline beyond 15%
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Initial index level: | 11,346.51
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Pricing date: | June 27
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Settlement date: | July 2
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Agent: | Wachovia Capital Markets, LLC
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Fees: | 2.25%
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