Natixis to price 26% knock-in reverse convertibles linked to Dogs of the Dow for Eksportfinans

By Laura Lutz

Des Moines, Dec. 3 - Eksportfinans ASA plans to price 26% reverse convertible notes due May 30, 2008 linked to a basket consisting of the December 2007 Dogs of the Dow stocks via agent Natixis Securities North America Inc., according to an FWP filing with the Securities and Exchange Commission.

The basket includes the common stocks of Altria Group, Inc.; AT&T Inc.; Citigroup Inc.; E.I. du Pont de Nemours and Co.; General Electric Co.; General Motors Corp.; the Home Depot, Inc.; JPMorgan Chase & Co.; Pfizer Inc.; and Verizon Communications Inc.

Interest will be payable monthly.

At maturity, investors will receive par if none of the stocks falls below its knock-in price, 60% of its initial price, during the life of the notes or if none of the stocks finishes below its initial level.

Otherwise, investors will receive a number of shares of the worst-performing reference stock equal to $1,000 divided by the initial share price of that stock.

The securities are expected to price on Dec. 21 and settle on Dec. 27.

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