By Jennifer Chiou
New York, Aug. 24 - Goldman, Sachs & Co. priced a $9.85 million issue of 0% triple-up appreciation index-linked notes due Oct. 7, 2008 linked to the S&P 500 index for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.
If the final index level is equal to or greater than 106.05% of the initial level, investors will receive the maximum redemption amount of 118.15%.
If the final index level is greater than the initial level and less than 106.05% of the initial level, investors will receive par plus triple the return.
Investors will receive at least par.
| Issuer: | Eksportfinans ASA
|
| Issue: | Triple-up appreciation index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $9,846,000
|
| Maturity: | Oct. 7, 2008
|
| Coupon: | 0%
|
| Payout at maturity: | 118.15% maximum redemption amount if the final index level is equal to or greater than 106.05% of the initial level; par plus triple the return if the final index level is greater than the initial level and less than 106.05% of the initial level; floor of par
|
| Initial index level: | 1,467.80
|
| Index cap: | 106.05% of initial level
|
| Pricing date: | Aug. 23
|
| Settlement date: | Sept. 7
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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