New Issue: Merrill Lynch prices $44.53 million Accelerated Return Notes linked to gold for Eksportfinans

By Angela McDaniels

Tacoma, Wash., March 29 - Eksportfinans ASA priced $44.53 million of 0% Accelerated Return Notes due June 2, 2011 linked to the gold spot price via Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any increase in the gold spot price, subject to a maximum return of 18.45%. Investors will be exposed to any decline in the price.

Issuer:	Eksportfinans ASA
Issue:	Accelerated Return Notes
Underlying commodity:	Gold
Amount:	$44,532,510
Maturity:	June 2, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any increase in the gold spot price, up to maximum return of 18.45%; exposure to any decline
Initial gold spot price:	$1,093
Pricing date:	March 25
Settlement date:	April 7
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%
Cusip:	282649433

© 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.