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Published on 10/18/2011 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $51.95 million notes linked to Topix for Eksportfinans

By Toni Weeks

San Diego, Oct. 18 - Eksportfinans ASA priced $51.95 million of 0% equity index-linked notes due April 22, 2013 tied to the Topix index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The price of the notes is 100.75% of par.

The payout at maturity will be par plus the index return, which could be positive or negative.

The initial index level set for the notes, 751.85, is higher than the actual closing level on the pricing date, which was 748.81.

Issuer:Eksportfinans ASA
Issue:Equity index-linked notes
Underlying index:Topix
Amount:$51,953,000
Proceeds:$52,342,647.50
Maturity:April 22, 2013
Coupon:0%
Price:100.75
Payout at maturity:Par plus the index return; full exposure to losses if index return is negative
Initial index level:751.85
Pricing date:Oct. 14
Settlement date:Oct. 21
Agent:Goldman Sachs & Co.
Fees:0.25%
Cusip:28264M277

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