New Issue: Credit Suisse prices $750,000 buffered securities linked to CS Water index for Eksportfinans

By Laura Lutz

Des Moines, Dec. 11 - Eksportfinans ASA priced $750,000 of 0% buffered securities without principal protection due May 13, 2011 linked to the Credit Suisse Water index via Credit Suisse Securities (USA) LLC, according to a 424B3 filing with the Securities and Exchange Commission.

If the index closes below the trigger level - 60% of the initial level - during the life of the notes and finishes below its initial level, the payout at maturity will be par minus the index decline.

Otherwise, the payout will be par plus any gain on the index. In that case, investors will receive at least par.

Issuer:	Eksportfinans ASA
Issue:	Buffered securities without principal protection
Underlying index:	Credit Suisse Water index
Amount:	$750,000
Maturity:	May 13, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes below trigger level during life of notes and finishes below initial level, par minus index decline; otherwise, par plus any gain on index, subject to floor of par
Initial level:	513.98
Trigger level:	308.39, 60% of initial level
Pricing date:	Dec. 7
Settlement date:	Dec. 14
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.5%

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