By Marisa Wong
Madison, Wis., Sept. 30 - Eksportfinans ASA priced $7.36 million of 0% leveraged buffered index-linked notes due April 4, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs & Co. is the underwriter.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,181.50 per $1,000 principal amount.
Investors will receive par if the index declines by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
The initial index level of 1,171.71 is higher than the actual closing level of the index on the pricing date, which was 1,151.06.
| Issuer: | Eksportfinans ASA
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $7,356,000
|
| Maturity: | April 4, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, return capped at 18.15%; par if index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 1,171.71
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 28264M343
|
© 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.
