New Issue: Wachovia prices $7 million notes linked to emerging market currencies for Eksportfinans

By Laura Lutz

Des Moines, Sept. 4 - Wachovia Capital Markets, LLC priced a $7 million issue of zero-coupon principal-protected notes due March 7, 2009 linked to a basket of emerging market currencies for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.

The underlying basket includes equal weights of the Brazilian real, the Mexican peso, the Turkish lira, the Hungarian forint, the Indonesian rupiah and the Indian rupee, all relative to the dollar.

If the basket return is positive, the payout at maturity will be 109.5% of par plus 400% of any amount by which the basket return exceeds 9.5%.

If the final basket level is greater than the initial level, investors will receive at least 109.5% of par.

If the basket return is negative, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Principal-protected notes
Underlying currencies:	Equal weights of the Brazilian real, Mexican peso, Turkish lira, Hungarian forint, Indonesian rupiah and Indian rupee, all relative to the dollar
Amount:	$7 million
Maturity:	March 7, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, 109.5% of par plus 400% of any amount by which basket return exceeds 9.5%, for minimum positive return of 9.5%; otherwise, par
Pricing date:	Aug. 30
Settlement date:	Sept. 7
Agent:	Wachovia Capital Markets, LLC
Fees:	1.75%

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