Natixis to price 25.20% reverse convertibles linked to Valueclick for Eksportfinans

By E. Janene Geiss

Philadelphia, Oct. 15 - Agent Natixis Securities North America Inc. plans to price an issue of reverse convertible notes due Jan. 31, 2008 linked to the common stock of Valueclick, Inc. for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.

The three-month notes will pay 6.3% for an annualized rate of 25.20%. Interest will be payable monthly.

Payout at maturity will be par if Valueclick stock stays above 70% of its initial price during the life of the notes or finishes above its initial price.

Otherwise, payout will be a number of Valueclick shares equal to $1,000 divided by the initial price.

The notes are expected to price Oct. 26 and settle Oct. 31.

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