Published on 2/9/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8.07 million notes linked to S&P 500 for Eksportfinans
By Angela McDaniels
Tacoma, Wash., Feb. 9 - Eksportfinans ASA priced $8.07 million of 0% equity index-linked notes due Aug. 19, 2011 linked to the S&P 500 index via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 18.2%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Issuer: | Eksportfinans ASA
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Issue: | Equity index-linked notes
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Underlying index: | S&P 500
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Amount: | $8.07 million
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Maturity: | Aug. 19, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 18.2%; par if index declines by 10% or less; 1.1111% loss for every 1% index decline beyond 10%
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Initial index level: | 1,062.47
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Pricing date: | Feb. 5
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Settlement date: | Feb. 22
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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Cusip: | 282649466
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