New Issue: Goldman raises absolute return trigger notes tied to S&P 500 to $26.5 million for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Aug. 20 - Eksportfinans ASA priced an additional $6.45 million of 0% absolute return trigger notes due Nov. 23, 2009 linked to the S&P 500 index via Goldman, Sachs & Co., according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.93 and bring the total issue size to $26.5 million. The company priced $20.05 million of the notes at par on Aug. 8.

If the index never trades above the upper trigger level and never trades below the lower trigger level 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 119.9% of the initial index level, and the lower trigger level is 80.1% of the initial level.

Issuer:	Eksportfinans ASA
Issue:	Absolute return trigger notes
Underlying index:	S&P 500
Amount:	$26,496,000, upsized from $20,046,000
Maturity:	Nov. 23, 2009
Coupon:	0%
Price:	Par for original issue; 99.93 for add-on
Payout at maturity:	If index remains at or below the upper trigger level and at or above the lower trigger level throughout the life of the notes, par plus the absolute value of the index return; otherwise, par
Initial index level:	1,266.45
Upper trigger level:	1,518.474, 119.9% of initial level
Lower trigger level:	1,014.426, 80.1% of initial level
Pricing date:	Aug. 8 for original issue; Aug. 19 for add-on
Settlement date:	Aug. 22
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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