Natixis to sell buffered notes linked to 10 stocks for Eksportfinans

By Susanna Moon

Chicago, July 8 - Eksportfinans ASA plans to price 0% buffered notes due Aug. 1, 2011 linked to an equally weighted basket of 10 common stocks via Natixis Securities North America Inc., according to a 424B3 filing with the Securities and Exchange Commission.

The underlying stocks are AT&T Corp., Bank of America Corp., Citigroup Inc., E.I. du Pont de Nemours & Co., General Electric Co., General Motors Corp., JPMorgan Chase & Co., Merck & Co., Inc., Pfizer Inc. and Verizon Communications Inc.

Payout at maturity will be par plus any gain in the basket.

If the basket closes below its initial level, investors will receive par unless the basket finishes below its buffer level - 85% of its initial level - in which case, investors will lose 1% for every 1% the basket declines beyond the buffer level.

The notes are expected to price on July 25 and settle on July 30.

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