Eksportfinans plans issue of 0% notes linked to Topix

By Jennifer Chiou

New York, Jan. 10 - Eksportfinans ASA said it plans to issue 0% enhanced-participation notes with a 15 to 16 month maturity linked to the Topix index, according to a 424B3 filing with the Securities and Exchange Commission.

The redemption amount will depend on the performance of the index on the price determination date. If the final index level is greater than the appreciation cap of 110% to 111%, investors will receive the between 130% and 133%, the maximum redemption amount. If the final index level is greater than the initial index level and less than the appreciation cap, investors will receive three times the gain on the index. If the final index level is less than the initial level, investors share in any losses.

Goldman, Sachs & Co. will be the agent.

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