Published on 5/28/2010 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $792,000 enhanced growth notes on iShares Russell 2000 for Eksportfinans
By Marisa Wong
Milwaukee, May 28 - Eksportfinans ASA priced $792,000 of 0% enhanced growth securities with capped upside due Sept. 1, 2011 linked to the iShares Russell 2000 index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any increase in the index fund share price, up to a maximum payout of $1,270 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
Issuer: | Eksportfinans ASA
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Issue: | Enhanced growth securities with capped upside
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Underlying fund: | iShares Russell 2000 index fund
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Amount: | $792,000
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Maturity: | Sept. 1, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any fund gain, capped at 27%; exposure to losses
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Initial share price: | $64.32
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Pricing date: | May 26
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Settlement date: | June 1
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2%
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Cusip: | 282645UY4
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