Claymore Securities, Inc. announced that a $47 million public offering of 11.0% Enhanced Yield Securities linked to the Claymore YieldStreamSM 20 Series 2007-A closed yesterday. The Enhanced Yield Securities are securities that were issued by Eksportfinans ASA and underwritten by Wachovia Capital Markets, LLC. The securities will mature on April 30, 2008 and trade on the American Stock Exchange under the ticker symbol EKF. The Claymore YieldStreamSM 20 Series 2007-A represents twenty common stocks in six industry sectors. The constituent stocks of the Claymore YieldStreamSM 20 were selected by Claymore with the objective of creating a moderately diversified basket of twenty stocks that is designed to produce an attractive yield in a structure that provides income in exchange for potential downside exposure to the price performance of the constituent stocks of the Claymore YieldStreamSM 20. Investors in the securities will receive interest paid monthly at a rate of 11% per annum on the initial per-share principal amount of $20. Unlike a traditional debt security, the return of principal of the securities is dependent on the performance of the common stocks in the Claymore YieldStreamSM 20. Each $1 of the $20 principal amount of the securities is exposed to the downside performance of a common stock in the Claymore YieldStreamSM 20, but only if that stock drops by 25% or more during the term of the securities. Investors in the securities will not participate in any upside performance of the stocks in the Claymore YieldStreamSM 20. Claymore CEO David Hooten said, "We're excited about the market's reception of our first structured product, designed in partnership with Wachovia and Eksportfinans." Richard Silva, the co-head of Wachovia Capital Markets, LLC equity structured products group in New York, said, �For the first time, investors seeking higher yields in the equity-linked securities market have access to an independently selected, diversified portfolio designed specifically for the structured product market. Claymore and Wachovia are at the forefront of providing investors with innovative investment strategies and products, and we are thrilled to have partnered with them on the securities linked to the YieldStream 20. We believe that this approach introduces a new generation of structured products, and we look forward to continuing our partnership with Claymore to deliver best-of-breed investment strategies and products to the marketplace.� The Enhanced Yield Securities linked to the Claymore YieldStreamSM 20 Series 2007-A were issued by Eksportfinans ASA. Eksportfinans ASA is Norway�s sole specialized export finance institution with total assets of USD$26.4 billion as of December 31, 2006. It was established in 1962 by a consortium of private Norwegian banks with the cooperation of the Norwegian authorities to provide government-supported finance for the export of ships and capital goods and commercial financing for a broad range of exports. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. As of March 31, 2007, Claymore entities have provided supervision, management, servicing or distribution on over $16 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts, exchange-traded funds and Claymore MACROshares. Additional information on Claymore is available at www.claymore.com. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing. Wachovia Securities is the trade name for the corporate and investment banking services of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC, the underwriter for the offering. Debt and equity underwriting, trading, research and sales, loan syndications agent services, and corporate finance and M&A advisory services are offered by Wachovia Capital Markets, LLC, member NASD, NYSE and SIPC. Mezzanine capital, private equity, municipal securities trading and sales, cash management, credit, international, leasing and risk management products and services are offered by various non-broker dealer subsidiaries of Wachovia Corporation. The securities are not sponsored, endorsed or sold by Claymore Securities, Inc. or its parent or affiliates (�Claymore�). Claymore has not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the securities. Claymore makes no representation or warranty, express or implied, to any member of the public regarding the advisability of investment in securities generally or in the securities particularly. Claymore makes no warranty, express or implied, as to the results to be obtained by owners of securities. This is not an offer to sell or a solicitation of an offer to buy the securities. Member NASD/SIPC 04/07 NOT FDIC-INSURED -- NOT BANK-GUARANTEED -- MAY LOSE VALUE
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