| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Eksportfinans ASA > News item |
Merrill plans bear Accelerated Return Notes on Russell for Eksport
By Jennifer Chiou
New York, June 10 - Eksportfinans ASA plans to price six-month 0% bear Accelerated Return Notes linked to the Russell 2000 index via Bank of America Merrill Lynch, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus three times the absolute value of any index decline, subject to a maximum return of 8% to 12% that will be set at pricing.
Investors will lose 1% for every 1% that the index advances.
The notes will price in June and settle in July.
© 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.