By Angela McDaniels
Seattle, July 17 - Goldman Sachs & Co. priced $9.315 million of zero-coupon enhanced participation notes due Aug. 10, 2009 linked to the MSCI Taiwan index for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index return, subject to a maximum return of 40.6%. Investors will be fully exposed to any index decline.
The initial index level is $11.18, which equals the index level on the pricing date converted into U.S. dollars at the rate of 32.847 Taiwan dollars per U.S. dollar. The final index level will equal the closing index level on July 27, 2009 converted into U.S. dollars using the then-current exchange rate.
| Issuer: | Eksportfinans ASA
|
| Issue: | Enhanced participation notes
|
| Underlying index: | MSCI Taiwan
|
| Amount: | $9.315 million
|
| Maturity: | Aug. 10, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 40.6%; full exposure to any index decline
|
| Pricing date: | July 17
|
| Settlement date: | July 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
