New Issue: Wachovia prices $2.9 million 14% enhanced yield securities tied to Goldcorp for Eksportfinans

By Angela McDaniels

Tacoma, Wash., June 3 - Eksportfinans ASA priced $2.9 million of enhanced yield securities due Dec. 5, 2008 linked to the common stock of Goldcorp Inc. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The six-month notes will pay 7% for an annualized rate of 14%. Interest is payable monthly.

The payout at maturity will be par unless Goldcorp stock falls by 25% or more during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Goldcorp shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Goldcorp Inc. (NYSE: GG)
Amount:	$2,904,000
Maturity:	Dec. 5, 2008
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	If Goldcorp stock trades at or below the knock-in price during the life of the notes and the final share price is less than the initial share price, 24.9128 Goldcorp shares; otherwise, par
Initial share price:	$40.14
Knock-in price:	$30.105, 75% of initial share price
Pricing date:	May 30
Settlement date:	June 5
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.25%

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