By Laura Lutz
Des Moines, Oct. 9 - Goldman, Sachs & Co. priced another $15.53 million of leveraged notes due Oct. 16, 2008 linked to a ruble basket for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.
This issue increases the deal size to $63.35 million.
The first tranche of the notes, for $47.82 million, priced on Oct. 1.
The basket consists of the exchange rate of the ruble against the dollar with a two-thirds weight and the exchange rate of the euro against the dollar with a one-third weight.
The payout at maturity will be 107.9% of par plus 250% of any gain on the basket. Investors will receive at least par.
| Issuer: | Eksportfinans ASA
|
| Issue: | Leveraged notes
|
| Underlying basket: | Exchange rate of ruble against the dollar (two-thirds weight) and exchange rate of euro against dollar (one-third weight)
|
| Amount: | $63,345,000, upsized from $47.82 million
|
| Maturity: | Oct. 16, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 107.9% of par plus 250% of any gain on the basket; floor of 107.9% of par
|
| Initial exchange rates: | 24.87 for ruble; 1.423 for euro
|
| Pricing date: | Oct. 1 (for $47.82 million); Oct. 5 (for $15,525,000)
|
| Settlement date: | Oct. 15
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
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