New Issue: Wachovia prices $2.05 million enhanced growth securities linked to S&P 500 for Eksportfinans

By Susanna Moon

Chicago, July 1 - Eksportfinans ASA priced $2.05 million of 0% enhanced growth securities due Oct. 1, 2009 linked to the S&P 500 index via underwriter Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus triply any index gain, up to a maximum payment of $1,180 per $1,000 note. Investors will be exposed any decline in the index.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities
Underlying index:	S&P 500
Amount:	$2,050,770
Maturity:	Oct. 1, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, capped at 18% return; par minus any index decline
Initial index level:	1,278.38
Pricing date:	June 27
Settlement date:	July 2
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.5%

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