New Issue: Goldman prices $10 million absolute return trigger notes tied to S&P 500 for Eksportfinans

By Susanna Moon

Chicago, June 9 - Eksportfinans ASA priced $10 million of 0% absolute return trigger notes due Dec. 21, 2009 linked to the S&P 500 index via underwriter Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.

If the index stays within its trigger levels during the life of the notes, the payout at maturity will be 95% of par plus 1½ times the absolute value of the index return. Otherwise, the payout will be 95% of par.

The upper trigger is 24.5% above the initial index level, and the lower trigger is 30% below the initial index level.

Issuer:	Eksportfinans ASA
Issue:	Absolute return trigger notes
Underlying index:	S&P 500
Amount:	$10 million
Maturity:	Dec. 21, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If index is ever above the upper trigger or below the lower trigger, 95% of par; otherwise, 95% of par plus 1½ times absolute value of index return
Initial index level:	1,389.44
Upper trigger:	1,729.852, or 124.5% of initial level
Lower trigger:	972.608, or 70% of initial level
Pricing date:	June 5
Settlement date:	June 19
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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