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Share Name | Share Symbol | Market | Type |
---|---|---|---|
11% Enhanced Yield Securities Linked TO The Claymore Yieldstream 20 | AMEX:EKF | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Pricing Sheet dated February 22, 2008 relating to
|
Filed pursuant to Rule 433 | |||
Terms Supplement No. 56 dated February 12, 2008
|
Registration Statement No. 333-140456 | |||
Relating to the Eksportfinans ASA U.S. Medium-Term
Note Program
|
PRICING TERMS FOR ALL REVERSE CONVERTIBLE NOTES FEBRUARY 22, 2008 | ||
Issuer:
|
Eksportfinans ASA | |
Issuer Rating:
|
Aaa (negative outlook) (Moodys) / AA+ (Standard & Poors) / AAA (Fitch) | |
Specified Currency:
|
U.S. dollars | |
Issue Price:
|
$1,000 per Reverse Convertible Note | |
Trade Date:
|
February 22, 2008 | |
Original Issue Date:
|
February 27, 2008 | |
Redemption Amount:
|
If the closing price of the applicable Reference Share quoted by
the Relevant Exchange has not been at or below the Knock-In
Level of that Reference Share on any Trading Day during the
period from the Trade Date up to and including the Determination
Date (the Knock-In Level Trigger), as determined by the
calculation agent in its sole discretion, a cash payment of
$1,000.00 (i.e. 100.00% of the face amount), or
If the Knock-In Level Trigger has occurred, (a) a cash payment of $1,000.00 (i.e. 100.00% of the face amount), if the Final Reference Level of the applicable Reference Share on the Determination Date is equal to or greater than the Initial Reference Level of that Reference Share, as determined by the calculation agent in its sole discretion, or (b) a number of Reference Shares equal to the Share Redemption Amount, (or, at our option, the cash value thereof) if the Final Reference Level of that Reference Share on the Determination Date is less than the Initial Reference Level of that Reference Share. |
|
Final Reference Level:
|
The closing price of the applicable Reference Share quoted by the Relevant Exchange on the Determination Date. | |
Share
Redemption Amount:
|
The face amount of the note divided by the Initial Reference Level, subject to adjustments for corporate events. | |
Interest Payment
Dates:
|
March 27, 2008, April 27, 2008, May 27, 2008, June 27, 2008, July 27, 2008 and August 27, 2008. | |
Listing:
|
The Reverse Convertible Notes will not be listed on any securities exchange. | |
Agent:
|
Morgan Stanley & Co. Incorporated | |
Agent acting as:
|
Principal | |
SPECIFIC TERMS FOR EACH
REVERSE CONVERTIBLE NOTE
|
iShares MSCI
|
||||||||
Weatherford
|
Emerging Markets
|
|||||||
International Ltd.
|
Apple Inc.
|
EMC Corporation
|
Index Fund
|
|||||
Reference shares:
|
(WFT) | (AAPL) | (EMC) | (EEM) | ||||
Determination Date:
|
August 22, 2008 | August 22, 2008 | August 22, 2008 | August 22, 2008 | ||||
Maturity date:
|
August 27, 2008 | August 27, 2008 | August 27, 2008 | August 27, 2008 | ||||
Interest Rate:
|
15% per annum | 17.5% per annum | 14.5% per annum | 14.5% per annum | ||||
Initial Reference
Level:
|
$66.17 | $119.46 | $15.28 | $141.22 | ||||
Knock-In Level:
|
$52.936
(80% of Initial Reference Level) |
$95.568
(80% of Initial Reference Level) |
$12.224
(80% of Initial Reference Level) |
$105.915
(75% of Initial Reference Level) |
||||
Share Redemption
Amount:
|
15.112589 | 8.371003 | 65.445026 | 7.08115 | ||||
CUSIP:
|
282645DR8 | 282645DS6 | 282645DT4 | 282645DU1 |
Per WFT
|
Per AAPL
|
Per EMC
|
Per EEM
|
|||||||||||||||||||||||||||||
RevCons | Total | RevCons | Total | RevCons | Total | RevCon | Total | |||||||||||||||||||||||||
Price to Public:
|
$1,000 | $3,233,000 | $1,000 | $11,800,000 | $1,000 | $4,187,000 | $1,000 | $3,067,000 | ||||||||||||||||||||||||
Fees and Commissions:
|
$15.00 | $48,495 | $15.00 | $177,000 | $15.00 | $62,805 | $15.00 | $46,005 | ||||||||||||||||||||||||
Proceeds to Us:
|
$985.00 | $3,184,505 | $985.00 | $11,623,000 | $985.00 | $4,124,195 | $985.00 | $3,020,995 |
(1) | For additional information, see Plan of Distribution in the prospectus supplement for reverse convertible securities (RevCons). |
Terms Supplement no. 56 dated February 12, 2008 | ||
Product Supplement No. 1 dated April 12, 2007 |
Prospectus Supplement and Prospectus dated February 5, 2007 |
1 Year Cgm Elks FM Cop & Gold Chart |
1 Month Cgm Elks FM Cop & Gold Chart |
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