IXIS to price 12% knock-in reverse convertibles linked to LCA-Vision for Eksportfinans

By Laura Lutz

Washington, Dec. 19 - Eksportfinans ASA planned to price an issue of 12% knock-in reverse convertible securities due June 27, 2007 linked to LCA-Vision Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

IXIS Securities North America Inc. will be the agent.

Interest will be payable quarterly.

The securities were expected to price on Dec. 19 and settle on Dec. 21.

At maturity, investors will receive par unless LCA-Vision stock falls below the knock-in price -60% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of LCA-Vision shares equal to $1,000 divided by the initial share price.

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