Wachovia plans enhanced yield securities linked to Morgan Stanley for Eksportfinans

By Jennifer Chiou

New York, Sept. 7 - Eksportfinans ASA plans to price 10% to 11% enhanced yield securities with contingent downside protection due April 2, 2008 linked to the common stock of Morgan Stanley via Wachovia Capital Markets, LLC, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

At maturity, investors will receive par in cash unless Morgan Stanley stock falls to or below its knock-in level - 80% of its initial price - during the life of the notes and finishes below its initial price, in which case investors will receive a number of Morgan Stanley shares equal to $1,000 divided by the initial price.

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