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Merrill Lynch to price Stars linked to S&P 500 for Eksportfinans
By Angela McDaniels
Tacoma, Wash., Dec. 22 - Eksportfinans ASA plans to price six-month 0% Strategic Accelerated Redemption Securities linked to the S&P 500 index via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the notes will be automatically called at par of $10 plus a premium of 5% to 9% that will be set at pricing.
If the final index level is less than the initial level, the payout at maturity will be par plus the index return.
The notes will price in January or February.
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