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Merrill Lynch to price Stars linked to palladium for Eksportfinans
By Jennifer Chiou
New York, Jan. 4 - Eksportfinans ASA plans to price five-month 0% Strategic Accelerated Redemption Securities linked to the spot price of palladium, according to an FWP with the Securities and Exchange Commission.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
If the final price is greater than or equal to the initial price, the notes will be automatically called and investors will receive par of $10.00 plus an annualized 19.2% to 28.8%. The exact call amount will be set at pricing.
If the final price is less than the initial price, investors will be exposed to the decline, with up to 95% of the principal at risk.
The notes will price in January and settle in February.
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