US Wrap: Goldman offers Exportfinans and Emerging Markets
Goldman Sachs has launched a new accelerated growth product linked to the MSCI iShares Emerging Markets Index fund, using the external credit of Eksportfinans. The one-and-a-half year trade offers 250% participation in the performance of the fund, up to a cap of 47.5-55% (with the exact level to be determined at the pricing date), with no downside protection. The fund needs to increase in value by 19-22% to pay investors the maximum return. The product was the only deal launched on another slow day for the US market.
Issuer
Product type
Underlying
Pricing date
Maturity date
Eksportfinans ASA
Accelerated Growth
iShares MSCI Emerging Markets Index Fund
Apr-09
Nov-10
Source: Future Value Consultants & SEC filings
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