Merrill plans Accelerated Return Notes linked to silver for Eksport

By Jennifer Chiou

New York, March 26 - Eksportfinans ASA plans to price 14-month 0% Accelerated Return Notes linked to the spot price of silver via Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the price of silver, subject to a maximum return of 21% to 25% that will be set at pricing. Investors will be exposed to any index decline.

The notes will price in April and settle in May.

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