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Published on 6/25/2010 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $8.29 million 0% currency notes linked to basket for Eksportfinans

By Jennifer Chiou

New York, June 25 - Eksportfinans ASA priced $8.29 million of 0% currency-linked notes due Aug. 30, 2012 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 14%.

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

Issuer:Eksportfinans ASA
Issue:Currency-linked notes
Underlying currencies:Equal weights of the Mexican peso, Chinese renminbi, Indian rupee, Australian dollar and Norwegian krone, against the U.S. dollar
Amount:$8,293,000
Maturity:Aug. 30, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus any gain in the basket, capped at 14%; par if the rate falls by up to 15%; investors will lose 1.1765% for each 1% decline beyond 15%
Initial exchange rates:12.68 for Mexican peso, 6.81 for Chinese renminbi, 46.50 for Indian rupee, 1.1505 for Australian dollar and 6.51 for Norwegian krone
Pricing date:June 23
Settlement date:June 30
Underwriter:Goldman, Sachs & Co.
Fees:0.25%
Cusip:28264QS88

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