Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Baker Hughes Inc. > News item |
Wells Fargo to price 13%-14% enhanced yield securities linked to Baker Hughes for Eksportfinans
By Angela McDaniels
Tacoma, Wash., Nov. 17 - Eksportfinans ASA plans to price enhanced yield securities due June 1, 2010 linked to the common stock of Baker Hughes Inc. via underwriter Wells Fargo Securities, LLC, according to an FWP filing with the Securities and Exchange Commission.
The six-month notes will carry an annualized coupon of 13% to 14%, with the exact coupon to be set at pricing. Interest will be payable monthly.
The payout at maturity will be par unless Baker Hughes stock falls by 25% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Baker Hughes 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.