Goldman Sachs to price notes linked to S&P Diversified Trends Indicator for Eksportfinans

By Laura Lutz

Des Moines, Jan. 8 - Eksportfinans ASA plans to price notes due Jan. 26, 2009 linked to the S&P Diversified Trends Indicator - Total Return Modified via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.

The notes will bear interest at Libor plus a spread that will be set at pricing. Interest will be reset and payable quarterly.

The notes will be called early if the index closes below 85% of its initial level on any day during the life of the notes.

Holders will be able to put the notes, in whole but not in part, on any trading day.

Upon redemption or at maturity, investors will receive par plus 300% of any return on the index - whether that return is positive or negative -minus a fee amount of 1.5% per year minus a TBill amount.

The TBill amount will be equal to the accrued product of the daily TBill Auction High Rates throughout the life of the notes.

The notes are expected to price on Jan. 9 and settle on Jan. 16.

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