Merrill Lynch to sell 14-month Accelerated Return Notes on MSCI EAFE for Eksportfinans

By Marisa Wong

Milwaukee, April 29 - Eksportfinans ASA plans to price 14-month 0% Accelerated Return Notes linked to the MSCI EAFE 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 plus triple any index gain, subject to a cap of 13% to 17% that will be set at pricing.

Investors will be exposed to any losses.

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

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