New Issue: Wachovia prices $2.71 million enhanced growth securities linked to S&P 500 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Oct. 1 - Eksportfinans ASA priced $2.71 million of 0% enhanced growth securities with initial index level reset due Oct. 5, 2010 linked to the S&P 500 index via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The initial index level will be the lesser of the index's closing level on the pricing date, which was 1,106.39, and the index's closing level on Dec. 31.

The payout at maturity will be par plus 300% of any index gain, subject to a maximum payout of $1,220 per $1,000 principal amount. Investors will be fully exposed to any index decline.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with initial index level reset
Underlying index: S&P 500
Amount:	$2,708,000
Maturity:	Oct. 5, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain over the initial level, capped at maximum return of 22%; full exposure to any decline
Initial index level: Lesser of 1,106.39 and the index's closing level on Dec. 31
Pricing date:	Sept. 29
Settlement date:	Oct. 2
Underwriter:	Wachovia Capital Markets, LLC
Fees:	2%

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