New Issue: Goldman prices $22.97 million notes on four currencies for Eksport

By Jennifer Chiou

New York, Nov. 1 - Eksportfinans ASA priced $22.97 million of 0% currency-linked notes due May 9, 2012 linked to four equally weighted currencies relative to the U.S. dollar via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Norwegian krone, Australian dollar, Russian ruble and the South African rand.

The payout at maturity will be the greater of par plus any basket gain and the maximum settlement amount of $1,130 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

Issuer:	Eksportfinans ASA
Issue:	Currency-linked notes
Underlying assets:	Norwegian krone, Australian dollar, Russian ruble and the South African rand, equally weighted relative to the U.S. dollar
Amount:	$22,973,000
Maturity:	May 9, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of basket gain and 13%; 1.1765% loss per 1% drop beyond 15%
Initial levels:	5.8625 krone per U.S. dollar; 1.0215 Australian dollars per U.S. dollar; 30.64 Russian rubles per U.S. dollar; 7.02 South African rand per U.S. dollar
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Underwriter:	Goldman Sachs & Co.
Fees:	0.25%
Cusip:	28264QT95

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