New Issue: Wachovia prices $4.98 million absolute return range notes linked to S&P 500 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Oct. 1 - Eksportfinans ASA priced $4.98 million of 0% absolute return range notes due April 15, 2010 linked to the S&P 500 index via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

If the index remains within the upper and lower barriers throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return. Otherwise, the payout will be par.

The upper and lower barriers are 19% above and below the initial index level, respectively.

Issuer:	Eksportfinans ASA
Issue:	Absolute return range notes
Underlying index:	S&P 500
Amount:	$4,983,000
Maturity:	April 15, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	If index remains within index barriers throughout life of notes, par plus absolute value of index return; otherwise, par
Initial index level:	1,106.39
Lower barrier:	896.176, 81% of initial level
Upper barrier:	1,316.604, 119% of initial level
Pricing date:	Sept. 29
Settlement date:	Oct. 2
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.75%

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