By Toni Weeks
San Diego, Sept. 23 - Eksportfinans ASA priced $5.52 million of 0% buffered equity index-linked notes due Oct. 29, 2012 tied to the MSCI EAFE index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be the maximum settlement amount of $1,124 per $1,000 principal amount.
Investors will lose 1.1765% for every 1% decline in the index beyond 15%.
The initial index level of 1,410.24 is higher than the closing level of the index at pricing, 1,403.16.
| Issuer: | Eksportfinans ASA
|
| Issue: | Buffered equity index-linked notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $5.52 million
|
| Maturity: | Oct. 29, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is at least 85% of initial level, $1,124 per $1,000 principal amount; loss of 1.1765% for every 1% decline beyond 15%
|
| Initial index level: | 1,410.24
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 28264M350
|
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