Eksportfinans to price 11% knock-in reverse convertibles linked to Toll Brothers via IXIS

By Jennifer Chiou

New York, Dec. 6 - Eksportfinans ASA plans to price an issue of 11% knock-in reverse convertible securities due June 27, 2007 linked to Toll Brothers, 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 monthly.

The securities will price on Dec. 20 and settle on Dec. 27.

At maturity, investors will receive par unless Toll Brothers stock falls below the knock-in price - 75% 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 Toll Brothers shares equal to $1,000 divided by the initial share price.

© 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.