New Issue: Goldman Sachs prices $5.77 million binary notes linked to ruble basket for Eksportfinans

By Laura Lutz

Des Moines, Oct. 9 - Goldman, Sachs & Co. priced $5.77 million of zero-coupon binary 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.

The basket consists of a 50% weight of the ruble against the dollar and a 50% weight of the ruble against the euro.

The payout at maturity will be 108% of par if the basket gains by 0.5% or more, otherwise the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Binary notes
Underlying basket:	Exchange rate of ruble against dollar with 50% weight and exchange rate of ruble against euro with 50% weight
Amount:	$5.77 million
Maturity:	Oct. 16, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	108% of par if the basket gains by 0.5% or more, otherwise par
Initial levels:	24.95 for ruble-dollar exchange rate; 35.3 for ruble-euro exchange rate
Pricing date:	Oct. 5
Settlement date:	Oct. 15
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%

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