Wachovia to sell enhanced growth notes tied to iShares MSCI EM for Eksportfinans

By Susanna Moon

Chicago, June 1 - Eksportfinans ASA plans to price 0% enhanced growth securities with leveraged upside and buffered downside due Jan. 10, 2011 linked to the iShares MSCI Emerging Markets index fund via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum amount of $1,220 to $1,270 per note. The exact cap will be set at pricing.

Investors will receive par if the fund shares fall by up to 10% and will be exposed to any declines beyond 10%.

Pricing and settlement dates were not specified 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.