New Issue: Wachovia prices $3.1 million 0% notes linked to Asian currency basket for Eksportfinans

By Susanna Moon

Chicago, June 3 - Eksportfinans ASA priced $3.1 million of 0% bullish FX basket-linked notes due June 6, 2010 linked to a basket of five currencies via agent Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The basket comprises equal weights of the exchange rates against the U.S. dollar of the Hong Kong dollar, the Indian rupee, the Indonesian rupiah, the Singapore dollar and the Malaysian ringgit.

Payout at maturity will be par plus double any basket gain. If the basket declines, investors will share in the decline up to a maximum loss of 5%.

Issuer:	Eksportfinans ASA
Issue:	FX basket-linked notes
Underlying basket:	Equal weights against U.S. dollar of Hong Kong dollar, Indian rupee, Indonesian rupiah, Singapore dollar and Malaysian ringgit
Amount:	$3.1 million
Maturity:	June 6, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any basket gain; share in basket decline, capped at maximum loss of 5%
Initial exchange rates:	7.8037 for Hong Kong dollar, 42.59 for rupee, 9,321 for rupiah, 1.3651 for Singapore dollar and 3.241 for ringgit
Pricing date:	May 30
Settlement date:	June 6
Agent:	Wachovia Capital Markets, LLC
Fees:	1.5%

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