New Issue: Barclays prices $117,000 15% reverse convertibles linked to McDonald's for Eksportfinans

By Jennifer Chiou

New York, Oct. 23 - Eksportfinans ASA priced $117,000 of 15% annualized reverse convertible notes due April 24, 2009 linked to the common stock of McDonald's Corp. via agent Barclays Capital Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless McDonald's stock falls by more than 30% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of McDonald's shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Reverse convertible notes
Underlying stock:	McDonald's Corp. (Symbol: MCD)
Amount:	$117,000
Maturity:	April 24, 2009
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	If McDonald's stock closes below the knock-in price during the life of the notes and the final share price is less than the initial price, 18.13894 McDonald's shares; otherwise, par
Initial share price:	$55.13
Knock-in price:	$38.59, 70% of initial price
Pricing date:	Oct. 21
Settlement date:	Oct. 24
Agent:	Barclays Capital Inc.
Fees:	1.6%

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