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Goldman to price absolute return trigger notes linked to S&P 500 for Eksportfinans
By Susanna Moon
Chicago, July 10 - Eksportfinans ASA plans to price 0% absolute return trigger notes linked to the S&P 500 index via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.
The notes will mature 15 to 17 months after the issue date.
If the index stays within its trigger levels during the life of the notes, the payout at maturity will be par plus the absolute value of the index return. Otherwise, the payout will be par.
The upper trigger level is expected to be between 117% and 120% of the initial level, and the lower trigger level is expected to be 80% to 83% of the initial level. The exact levels will be set at pricing.
The pricing and settlement dates were not disclosed in the filing.
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