By Jennifer Chiou
New York, Oct. 2 - Goldman, Sachs & Co. priced an upsized $11.447 million issue of leveraged notes due Oct. 15, 2007 linked to the Russian ruble/dollar exchange rate and the dollar/euro exchange rate for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.
The payout a maturity will be par plus a 4.8% "bonus" amount plus:
• Twice par multiplied by the decrease in the Russian ruble/dollar exchange rate divided by the final value of the exchange rate; and
• Par multiplied by the percentage decrease in the dollar/euro exchange rate.
Investors will not receive less than par plus the bonus.
| Issuer: | Eksportfinans ASA
|
| Issue: | Leveraged notes
|
| Underlying assets: | Russian ruble/euro and dollar/euro exchange rates
|
| Amount: | $11.447 million (upsized from $10.437 million)
|
| Maturity: | Oct. 15, 2007
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus a 4.8% "bonus" amount plus two times par multiplied by the decrease in the Russian ruble/dollar exchange rate divided by the final value of the exchange rate and par multiplied by the percentage decrease in the dollar/euro exchange rate; minimum of par plus 4.8%
|
| Initial exchange rates: | Ruble/dollar is 26.74; dollar to euro is 1.2723
|
| Pricing date: | Sept. 21
|
| Settlement date: | Oct. 5
|
| Agent: | Goldman, Sachs & Co.
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