Wachovia to price 0% enhanced growth securities linked to S&P 500 for Eksportfinans

By Susanna Moon

Chicago, May 1 - Eksportfinans ASA plans to price 0% enhanced growth securities with capped upside due Dec. 10, 2009 linked to the S&P 500 index via agent Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus 300% of any index gain, capped at 18% to 21%. The exact cap will be set at pricing.

If the index finishes at or below its initial level, investors will be exposed to any losses.

The notes will price sometime in 2008.

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