Merrill plans Accelerated Return Notes on Financials Select Sector index for Eksportfinans

By Jennifer Chiou

New York, March 25 - Eksportfinans ASA plans to price 14-month 0% Accelerated Return Notes linked to the Financials Select Sector index, according to an FWP filing with the Securities and Exchange Commission.

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.

The payout at maturity will be par of $10.00 plus triple any index gain, subject to a cap of 15% to 19%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in April and settle in May.

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