New Issue: Eksportfinans prices $0.394 million notes linked to McDonald's

New York, Nov. 22 - Eksportfinans ASA priced $0.394 million three-year auto-callable securities (Aces) linked to the common stock of McDonald's Corp., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Eksportfinans ASA
Issue:	Auto-callable securities (Aces) notes
Underlying stock:	McDonald's Corp.
Amount:	$0.394 million
Maturity:	Nov. 25, 2008
Coupon:	0%
Price:	100
Payout at maturity:	Par in cash if McDonald's stock closes at initial level or McDonald's stock closes below initial level and does not trade at or below knock-in level during term of notes; otherwise 21.872 McDonald's shares
Initial level:	$33.09
Knock-in level:	$23.163, 70% of initial level
Exchange ratio:	30.221
Call:	Automatic redemption at 113% of par if McDonald's stock is above initial level on Nov. 20, 2006, at 126% of par if McDonald's stock is above initial level on Nov. 19, 2007, at 139% if McDonald's stock is above initial level on Nov. 18, 2008
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agent:	Deutsche Bank

© 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.