Goldman Sachs to price 0% notes tied to Korean won versus euro

By Angela McDaniels

Tacoma, Wash., Jan. 11 - Eksportfinans ASA plans to price 0% currency-linked notes linked to the performance of the Korean won relative to the euro via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.

The tenor of the notes will be 12.5 to 14 months.

Investors will receive par plus 110.5% to 130% of any increase in the total exchange rate, with the exact participation rate to be set at pricing. Investors will be exposed to any decline in the total exchange rate.

The total exchange rate will equal the change in the dollar/Korean won exchange rate minus the change in the euro/dollar exchange rate.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.