Published on 12/7/2006 in the Prospect News Structured Products Daily.
New Issue: Eksportfinans sells $16.125 million notes linked to iShares Russell 2000
By Jennifer Chiou
New York, Dec. 7 - Eksportfinans ASA priced $16.125 million of Index Out-Performance Notes due Dec. 15, 2008 linked to the iShares Russell 2000 index fund, according to an FWP filing with the Securities and Exchange Commission.
At maturity, the notes will pay par plus the gain on the index plus 10%.
After one year, the notes will be callable at 120% of par if the index fund trades at 120% of par or higher.
| Issuer: | Eksportfinans ASA
|
| Issue: | Index Out-Performance Notes senior medium-term series A notes
|
| Underlying index: | iShares Russell 2000 index fund
|
| Amount: | $16.125 million
|
| Maturity: | Dec. 15, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the gain on the index plus 10%
|
| Call: | After one year at 120% of par if the index fund trades at 120% of par or higher
|
| Initial level: | $79.38
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 12
|
| Underwriter: | Deutsche Bank Securities, Inc.
|
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