Wachovia plans 12.5%-13.5% enhanced yield securities linked to Amazon.com for Eksportfinans

By Jennifer Chiou

New York, Sept. 3 - Eksportfinans ASA plans to price enhanced yield securities due March 18, 2009 linked to the common stock of the Amazon.com, Inc. via Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The coupon will be 12.5% to 13.5%, payable monthly, with the exact rate to be set at pricing.

Payout at maturity will be par unless Amazon.com stock falls to or below its knock-in level - 70% of its initial price - during the life of the notes and finishes below its initial price, in which case investors will receive a number of Amazon.com shares equal to $1,000 divided by the initial price.

Pricing and settlement dates were not disclosed in the filing.

© 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.