New Issue: Wachovia prices $2.34 million 14.5% enhanced yield notes linked to Google for Eksportfinans

By Susanna Moon

Chicago, July 18 - Eksportfinans ASA priced $2.34 million of 14.5% annualized enhanced yield securities due Jan. 23, 2009 linked to the common stock of Google Inc. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the notes are not called, payout at maturity will be par unless the 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.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Google Inc. (Nasdaq: GOOG)
Amount:	$2,336,000
Maturity:	Jan. 23, 2009
Coupon:	14.5%, payable monthly
Price:	Par
Payout at maturity:	If the stock falls below the knock-in price during the life of the notes and the final share price is less than the initial share price, 1.8705 Google shares; otherwise, par
Initial share price:	$534.61
Knock-in price:	$427.688, 80% of initial price
Pricing date:	July 16
Settlement date:	July 21
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.25%

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