By Toni Weeks
San Diego, Sept. 6 - Eksportfinans ASA priced $350,000 of 0% leveraged buffered index-linked notes due Nov. 8, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs & Co. is the underwriter.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,216 per $1,000 principal amount.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The initial index level is higher than the actual closing level of the index, 1,204.42, on the pricing date.
| Issuer: | Eksportfinans ASA
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $350,000
|
| Maturity: | Nov. 8, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 114.4%; par for declines of up to 10%; 1.1111% loss for every 1% decline beyond 10%
|
| Initial index level: | 1,222.2
|
| Pricing date: | Sept. 1
|
| Settlement date: | Sept. 9
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.5%
|
| Cusip: | 28264M376
|
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