New Issue: Goldman Sachs prices $10.08 million CMS range accrual notes for Eksportfinans

By Angela McDaniels

Seattle, Sept. 4 - Goldman, Sachs & Co. priced $10.08 million of CMS range accrual notes due Sept. 10, 2009 for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable quarterly. If the two-year Constant Maturity Swap (CMS) rate is within the accrual range on a quarterly fixing date, interest will accrue at 7.15% per year for that interest period. If the two-year CMS rate is outside the accrual range, no interest will accrue for that period.

The accrual range is 4.125% to 5.5%, inclusive.

Issuer:	Eksportfinans ASA
Issue:	CMS range accrual notes
Amount:	$10.08 million
Maturity:	Sept. 10, 2009
Coupon:	7.15% per year for each quarterly fixing date on which the two-year Constant Maturity Swap rate is within the accrual range; payable quarterly
Accrual range:	4.125% to 5.5%, inclusive
Price:	Par of $10,000
Payout at maturity:	Par
Callable:	No
Pricing date:	Aug. 30
Settlement date:	Sept. 10
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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