New Issue: Wachovia prices $15.65 million access securities linked to MSCI EAFE for Eksportfinans

By Angela McDaniels

Tacoma, Wash., May 20 - Eksportfinans ASA priced $15.65 million of 0% access securities with capped upside and buffered downside due June 1, 2010 linked to the MSCI EAFE index via underwriter Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any index gain, subject to a maximum return of 19%. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% decline beyond 20%.

Issuer:	Eksportfinans ASA
Issue:	Access securities with capped upside and buffered downside
Underlying index:	MSCI EAFE
Amount:	$15,645,250
Maturity:	June 1, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at maximum return of 19%; par if index falls by 20% or less; 1.25% loss for every 1% decline beyond 20%
Initial index level:	2,194.133
Pricing date:	May 16
Settlement date:	May 21
Underwriter:	Wachovia Capital Markets, LLC
Fees:	2.625%

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