New Issue: Wachovia prices $6.8 million principal protected notes linked to currencies for Eksportfinans

By Laura Lutz

Des Moines, March 4 - Eksportfinans ASA priced $6.8 million of zero-coupon 100% principal protected notes due March 7, 2011 linked to a currency basket via Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Chinese renminbi, the Indonesian rupiah, the Russian ruble, the Indian rupee, the Australian dollar and the New Zealand dollar, all against the U.S. dollar.

If the final basket level is greater than the initial level, the payout at maturity will be par plus the greater of the basket return or the contingent minimum payment of 12%.

If the final basket level is less than or equal to the initial level, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	100% principal protected notes
Underlying basket:	Equal weights of Chinese renminbi, Indonesian rupiah, Russian ruble, Indian rupee, Australian dollar and New Zealand dollar, all against U.S. dollar
Amount:	$6.8 million
Maturity:	March 7, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of basket return or 12%; floor of par
Pricing date:	Feb. 29
Settlement date:	March 7
Underwriter:	Wachovia Capital Markets, LLC
Fees:	2.25%

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