New Issue: Wachovia prices $6.33 million 13% enhanced yield securities on Transocean for Eksportfinans

By Susanna Moon

Chicago, June 18 - Eksportfinans ASA priced $6.33 million of 13% annualized enhanced yield securities due Dec. 19, 2008 linked to the common stock of Transocean, Inc. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless Transocean 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 Transocean shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Transocean, Inc. (NYSE: RIG)
Amount:	$6.33 million
Maturity:	Dec. 19, 2008
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	If the 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, 6.8625 Transocean shares; otherwise, par
Initial share price:	$145.72
Knock-in price:	$109.29, or 75% of initial price
Pricing date:	June 16
Settlement date:	June 19
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.25%

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