Goldman Sachs to price notes inversely tied to euro for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Feb. 4 - Eksportfinans ASA plans to price 0% currency-linked notes tied to the bearish performance of the euro against the dollar via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.

The tenor of the notes will be 17 to 19 months.

The payout at maturity will be par plus the exchange rate return, which will be (a) the initial dollar/euro exchange rate minus the final exchange rate divided by (b) the initial exchange rate.

If the exchange rate decreases over the life of the notes, the dollar has strengthened against the euro and investors will receive a positive return. If the exchange rate increases, the dollar has weakened against the euro and investors will lose some or all of their principal.

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