Wachovia to sell 14%-15% enhanced yield securities linked to Google for Eksportfinans

By Susanna Moon

Chicago, July 14 - Eksportfinans ASA plans to price 14% to 15% annualized enhanced yield securities due Jan. 23, 2009 linked to the common stock of Google Inc. via agent 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 Google stock falls by 20% 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 Google shares equal to $1,000 divided by the initial share price.

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