Merrill Lynch to price Stars tied to S&P 500 index for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Sept. 23 - Eksportfinans ASA plans to price six-month 0% Strategic Accelerated Redemption Securities linked to the S&P 500 index via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the notes will be automatically called and investors will receive par of $10 plus 6% to 10%. The exact call amount will be set at pricing.

If the final index level is less than the initial level, investors will be exposed to the decline.

The notes will price in October or November.

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