New Issue: Wachovia prices $4.3 million notes linked to emerging market currencies for Eksportfinans

By Jennifer Chiou

New York, April 4 - Wachovia Capital Markets, LLC priced a $4.3 million issue of zero-coupon principal-protected notes due April 7, 2010 linked to a basket of emerging market currencies for issuer Eksportfinans ASA, according to a 424B5 filing with the Securities and Exchange Commission.

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

If the basket return is positive, the payout at maturity will par plus 120% of any basket return. If the basket return is negative, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Principal-protected notes
Underlying currencies:	Equal weights of the Turkish lira, the Mexican peso, the Indonesian rupiah and the Brazilian real, all relative to the dollar
Amount:	$4.3 million
Maturity:	April 7, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, 120% of any basket return; otherwise, par
Initial levels:	1.287 for the Turkish lira, 10.5601 for the Mexican peso, 9,178 for the Indonesian rupiah and 1.7273 for the Brazilian real
Pricing date:	April 2
Settlement date:	April 7
Agent:	Wachovia Capital Markets, LLC
Fees:	1.5%

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