New Issue: Goldman Sachs upsizes notes tied to Korean won vs. yen to $30.81 million for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Jan. 25 - Eksportfinans ASA priced an additional $2.33 million of 0% currency-linked notes due Feb. 28, 2011 linked to the performance of the Korean won relative to the Japanese yen via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.

The notes priced at 96.2 and bring the issue size to $30.81 million. The original $28.48 million of notes priced at par Jan. 14.

The payout at maturity will be par plus 117% of any increase in the total exchange rate. 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 dollar/Japanese yen exchange rate.

Issuer:	Eksportfinans ASA
Issue:	Currency-linked notes
Underlying currency:	Korean won relative to Japanese yen
Amount:	$30,811,000, upsized from $28.48 million
Maturity:	Feb. 28, 2011
Coupon:	0%
Price:	Par for $28.48 million; 96.2 for $2,331,000
Payout at maturity:	Par plus 117% of any appreciation in won; exposure to any depreciation in won
Initial exchange rates:	1,121.5 won per dollar; 91.48 yen per dollar
Pricing dates:	Jan. 14 for original issue; Jan. 22 for add-on
Settlement date:	Jan. 28
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	28264QR89

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