Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Alcoa Inc. > News item |
Wells Fargo to price 9.5%-10.5% enhanced yield securities linked to Alcoa for Eksportfinans
By Jennifer Chiou
New York, Feb. 18 - Eksportfinans ASA plans to price 9.5% to 10.5% annualized enhanced yield securities due Sept. 2, 2010 linked to the common stock of Alcoa Inc. via underwriter Wells Fargo Securities, LLC, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless Alcoa stock falls by 30% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Alcoa 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.