Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eksportfinans ASA > News item |
Wells Fargo plans to price autocallable access notes on iShares MSCI EM for Eksportfinans
By Marisa Wong
Madison, Wis., Feb. 4 - Eksportfinans ASA plans to price 0% autocallable access securities due March 4, 2013 linked to the iShares MSCI Emerging Markets index fund via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be called if the exchange-traded fund's shares close at or above the initial price on March 2, 2012, Sept. 4, 2012 or Feb. 25, 2013. Investors will receive par plus an annualized premium of 6.5% to 8.5%. The exact call premium will be set at pricing.
If the notes are not called and the final share price is at least 90% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the share price declines beyond 10%.
The notes are expected to price in February and settle in March.
© 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.