New Issue: Eksportfinans prices $60.64 million absolute return notes linked to S&P 500 via Goldman Sachs

By E. Janene Geiss

Philadelphia, Dec. 27 - Eksportfinans ASA priced a $60,644,000 million issue of 0% absolute return trigger notes due April 8, 2009 linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.

If the index moves above the upper trigger level and below the lower trigger level at any time during the life of the notes, the payout at maturity will be par. Otherwise, the payout will be par plus the absolute value of the index return. The upper trigger level is 121.75% of the initial index level and the lower trigger level is 78.25% of the initial index value.

Goldman, Sachs & Co. is the agent.

Issuer:	Eksportfinans ASA
Issue:	Absolute return trigger notes
Underlying index:	S&P 500
Amount:	$60,644,000
Maturity:	April 8, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus absolute value of any index change if index stays between upper and lower trigger levels during life of the notes; otherwise, par
Initial index level:	1476.41
Upper barrier:	1797.53, 121.75% of initial level
Lower barrier:	1155.29, 78.25% of initial level
Pricing date:	Dec. 21
Settlement date:	Jan. 8
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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