New Issue: Goldman upsizes absolute return notes linked to S&P 500 for Eksportfinans to $119.83 million

By Susanna Moon

Chicago, July 21 - Eksportfinans ASA priced another $100.63 million of 0% absolute return trigger notes due Oct. 29, 2009 linked to the S&P 500 index via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes priced at 99.35 and bring the total amount to $119.83 million. Eksportfinans priced $19.2 million of the notes at par on July 15.

If the index never dips below the lower barrier or rises above the upper barrier throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return. The upper barrier is 120% of the initial level, and the lower barrier is 80% of the initial level.

Otherwise, the payout will be par.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Eksportfinans ASA
Issue:	Absolute return trigger notes
Underlying index:	S&P 500
Amount:	$119,832,000
Maturity:	Oct. 29, 2009
Coupon:	0%
Price:	Par for $19,204,000; 99.35 for $100,628,000
Payout at maturity:	If index stays within its barrier levels, par plus absolute value of index return; otherwise, par
Initial level:	1,206.41
Lower barrier:	965.128, or 80% of initial level
Upper barrier:	1,447.692, or 120% of initial level
Pricing date:	July 15 for $19,204,000; July 18 for $100,628,000
Settlement date:	July 29
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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