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Published on 10/26/2010 in the Prospect News Structured Products Daily.

Goldman plans notes on four currencies vs. dollar for Eksportfinans

By Susanna Moon

Chicago, Oct. 26 - Eksportfinans ASA plans to price 0% currency-linked notes based on the performance of four equally weighted currencies relative to the U.S. dollar via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Norwegian krone, Australian dollar, Russian ruble and South African rand.

The notes will mature between 18 and 20 months after issue.

The payout at maturity will be the greater of par plus any basket gain and the maximum settlement amount of $1,100 to $1,120 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

The exact deal terms will be set at pricing.


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