Published on 7/11/2006 in the Prospect News Convertibles Daily.
New Issue: Eksportfinans sells $5.276 million Index Out-Performance notes linked to iShares Russell 2000
By Jennifer Chiou
New York, July 11 - Eksportfinans ASA priced $5.276 million of Index Out-Performance Notes due Jan. 14, 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 114% of par if the index fund trades at 114% of par or higher.
Issuer: | Eksportfinans ASA
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Issue: | Index Out-Performance Notes senior medium-term series A notes
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Underlying index: | iShares Russell 2000 index fund
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Amount: | $5.276 million
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Maturity: | Jan. 14, 2008
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the gain on the index plus 10%
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Call: | After one year at 114% of par if the index fund trades at 114% of par or higher
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Initial level: | $70.49
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Pricing date: | July 7
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Settlement date: | July 14
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Underwriter: | Deutsche Bank Securities, Inc.
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