Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares MSCI Emerging Markets index fund > News item |
Wells Fargo to price autocallable notes linked to iShares MSCI Emerging Markets for Eksportfinans
By Angela McDaniels
Tacoma, Wash., July 14 - Eksportfinans ASA plans to price 0% autocallable access securities with fixed percentage buffered downside due Aug. 1, 2013 linked to the iShares MSCI Emerging Markets index fund via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a premium if the fund's shares close at or above the initial share price on Aug. 1, 2012, Feb. 1, 2013 or July 25, 2013. The premium is expected to be 7% to 9% per year and will be set at pricing.
If the notes are not called and the share price has not declined by more than 10%, the payout at maturity will be par. Investors will lose 1% for every 1% that the share price declines beyond 10%.
The notes are expected to price in July and settle in August.
© 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.