Goldman Sachs to price buffered notes linked to Dow Jones Stoxx Mid 200 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Nov. 12 - Eksportfinans ASA plans to price 0% buffered equity index-linked notes tied to the Dow Jones Stoxx Mid 200 index converted into dollars via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.

The tenor of the notes will be 20 to 24 months.

The initial index level and final index level will each be converted into dollars from euros at the exchange rate in effect at the time. Because of this, investors could lose a portion of their investments if the dollar appreciates against the euro even if there has been an increase in the absolute level of the index.

If the final index level is greater than the initial level, the payout at maturity will be par plus the gain. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

© 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.