Wachovia to price enhanced growth securities linked to Amex Gold Bugs for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Dec. 6 - Eksportfinans ASA plans to price 0% enhanced growth securities due July 1, 2009 linked to the Amex Gold Bugs index via Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of between 30% and 35%. The exact cap will be determined at pricing.

If the final index level is less than the initial level, the payout will be:

• Par minus the index decline if the index falls to or below the knock-in level - 85% of the initial level - during the life of the notes; or

• Par if the index does not fall to or below the knock-in level.

The notes are expected to price and settle in December.

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