New Issue: Goldman Sachs prices another $1.72 million notes linked to ruble basket for Eksportfinans

By Laura Lutz

Des Moines, Oct. 12 - Goldman, Sachs & Co. priced another $1.72 million of leveraged notes due Oct. 16, 2008 linked to a ruble basket for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.

This issue increases the deal size to $65.06 million.

The latest $1.72 million of notes priced at 100.8, in contrast to the previous $63.35 million of notes, which priced at par.

The first tranche included $47.82 million of note and priced on Oct. 1. The second tranche included $15.53 million of notes and priced on Oct. 5.

The basket consists of the exchange rate of the ruble against the dollar with a 2/3 weight and the exchange rate of the euro against the dollar with a 1/3 weight.

The payout at maturity will be 107.9% of par plus 250% of any gain on the basket. Investors will receive at least par.

Issuer:	Eksportfinans ASA
Issue:	Leveraged notes
Underlying basket:	Exchange rate of ruble against the dollar with a 2/3 weight and exchange rate of euro against dollar with a 1/3 weight.
Amount:	$65,062,000, upsized from original $47.82 million
Coupon:	0%
Price:	Par for $63,345,000; 100.8 for $1,717,000
Payout at maturity:	107.9% of par plus 250% of any gain on the basket; floor of 107.9% of par
Initial rates:	24.87 for ruble; 1.423 for euro
Pricing date:	Oct. 1 (for $47.82 million); Oct. 5 (for $15,525,000); Oct. 12 (for $1,717,000)
Settlement date:	Oct. 15
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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