New Issue: Eksportfinans prices $33.75 million Accelerated Return Notes on Rogers Commodity

By Jennifer Chiou

New York, May 3 - Eksportfinans ASA priced $33.75 million of 0% Accelerated Return Notes due June 28, 2011 linked to the Rogers International Commodity Index - Excess Return 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 index, subject to a maximum return of 18.45%. Investors will be exposed to any index decline.

Issuer:	Eksportfinans ASA
Issue:	Accelerated Return Notes
Underlying index:	Rogers International Commodity Index - Excess Return
Amount:	$33,748,520
Maturity:	June 28, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, capped at 18.45%; full exposure to decline
Initial index level:	2,445.26
Pricing date:	April 29
Settlement date:	May 6
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%
Cusip:	282649425

© 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.