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Merrill Lynch to price Accelerated Return Notes linked to gold for Eksportfinans
By Angela McDaniels
Tacoma, Wash., Dec. 2 - Eksportfinans ASA plans to price 14-month 0% Accelerated Return Notes linked to the spot price of gold via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any increase in the price of gold, subject to a maximum return of 17% to 21% that will be set at pricing. Investors will be exposed to any decline in the price of gold.
The notes will price in December or January.
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