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Published on 2/18/2010 in the Prospect News Structured Products Daily.

Goldman Sachs to price 0% notes tied to indexes, ETF for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Feb. 18 - Eksportfinans ASA plans to price 0% basket-linked notes due 24 to 28 months after issue via Goldman, Sachs & Co., according to a 424B3 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 45% weight, the MSCI EAFE index with a 45% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.

The payout at maturity will be par plus double any basket gain, subject to a maximum return of 24% to 28%. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The exact maturity date and cap will be set at pricing.


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