Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eksportfinans ASA > News item |
Wachovia to price principal-protected notes linked to seven currencies for Eksportfinans
By Angela McDaniels
Tacoma, Wash., Aug. 4 - Eksportfinans ASA plans to price zero-coupon 100% principal-protected notes due March 5, 2011 linked to a basket of seven currencies via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee, Singapore dollar, Australian dollar, Norwegian krone and Mexican peso.
The payout at maturity will be par plus 120% to 135% of any appreciation of the basket relative to the euro, with the exact participation rate to be set at pricing. If the basket remains flat or depreciates, the payout will be par.
The notes will price on Aug. 28 and settle on Sept. 5.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.