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Published on 6/21/2010 in the Prospect News Structured Products Daily.

Goldman Sachs plans 0% notes tied to currency basket for Eksportfinans

By Marisa Wong

Milwaukee, June 21 - Eksportfinans ASA plans to price 25-month to 27-month 0% currency-linked notes tied to the performance of a basket of currencies against the U.S. dollar via Goldman, Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the Mexican peso, Chinese renminbi, Indian rupee, Australian dollar and Norwegian krone.

The payout at maturity will be par plus any basket gain, up to a maximum return of 10% to 15%. The exact cap will be set at pricing.

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


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