Published on 9/28/2006 in the Prospect News Structured Products Daily.
New Issue: Goldman upsizes to $34.09 million 0% notes linked to Asian currency basket for Eksportfinans
By Jennifer Chiou
New York, Sept. 28 - Goldman Sachs & Co. arranged an upsized $34.09 million issue of 0% principal-protected Asia FX bull notes due March 29, 2008 linked to a basket of Asian currencies for Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.
The issue was increased from the $24.38 offering announced on Sept. 19.
The underlying basket includes equal weights of the Japanese yen, Chinese renminbi, Korean won, Singapore dollar, Taiwan dollar, Indonesian rupiah, Malaysian ringgit and Thai baht.
Issuer: | Eksportfinans ASA
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Issue: | Principal-protected Asia FX bull notes
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Underlying currencies: | Japanese yen, Chinese renminbi, Korean won, Singapore dollar, Taiwan dollar, Indonesian rupiah, Malaysian ringgit, Thai baht, equally weighted
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Amount: | $34.09 million
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Maturity: | March 29, 2008
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus a return equal to 140% of the return on the basket, floor of par
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Initial reference rates: | Japanese yen/dollar at 117.60, Chinese renminbi/dollar at 7.946, Korean won/dollar at 956, Singapore dollar/dollar at 1.5815, Taiwan dollar/dollar at 32.92, Indonesian rupiah/dollar at 9,120, Malaysian ringgit/dollar at 3.673, Thai baht/dollar at 37.28
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Pricing date: | Sept. 15
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Settlement date: | Sept. 29
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Agent: | Goldman Sachs & Co.
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