New Issue: Goldman Sachs sells $39.71 million more notes on bearish euro for Eksportfinans

By Susanna Moon

Chicago, Feb. 12 - Eksportfinans ASA priced another $39.71 million of 0% currency-linked notes due Sept. 22, 2011 based on the bearish performance of the euro relative to the dollar via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.

The notes priced at 100.1. The issuer priced $51.76 million of the notes at par on Feb. 5. This brings the total deal size to $91.47 million.

The payout at maturity will be par plus any gain in the dollar against the euro.

Investors will lose an amount equal to any gains in the euro.

Issuer:	Eksportfinans ASA
Issue:	Currency-linked notes
Underlying currency:	Euro versus dollar
Amount:	$91,469,000, upsized from $51,764,000
Maturity:	Sept. 22, 2011
Coupon:	0%
Price:	Par for $51,764,000; 100.1 for $39,705,000
Payout at maturity:	Par plus any gain in the dollar against the euro; exposure to loss equal to any gains in the euro
Initial exchange rate:	1.3725 dollars per euro
Pricing dates:	Feb. 5 for $51,764,000; Feb. 10 for $39,705,000
Settlement date:	Feb. 22
Agent:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	28264QS47

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