New Issue: Goldman prices $14.32 million 0% currency notes linked to rupee for Eksportfinans

By Jennifer Chiou

New York, March 10 - Eksportfinans ASA priced $14.32 million of 0% currency-linked notes due April 26, 2011 linked the exchange rate of the Indian rupee relative to the dollar, according to a 424B3 filing with the Securities and Exchange Commission.

Goldman, Sachs & Co. is the agent.

The payout at maturity will be par plus any gain in the exchange rate, up to a maximum redemption amount of $1,100 per $1,000 principal amount.

Investors will receive par if the rate falls by up to 5% and will lose 1.05263% for each 1% decline beyond the buffer.

Issuer:	Eksportfinans ASA
Issue:	Currency-linked notes
Underlying currency:	Indian rupee/dollar exchange rate
Amount:	$14,318,000
Maturity:	April 26, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the exchange rate, capped at 10%; par if the rate falls by up to 5%; investors will lose 1.05263% for each 1% decline beyond 5%
Initial exchange rate:	45.57 rupee per dollar
Pricing date:	March 9
Settlement date:	March 23
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	28264QS54

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