New Issue: Wachovia prices $6.4 million range notes linked to iShares Russell 2000 for Eksportfinans

By Susanna Moon

Chicago, Aug. 1 - Eksportfinans ASA priced $6.4 million of 0% absolute return range notes due Nov. 10, 2009 linked to the iShares Russell 2000 index fund via underwriter Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

If the fund price stays within its range, the payout at maturity will be par plus the absolute value of the return. Otherwise, the payout will be par.

The lower barrier will be 82% of the initial share price, and the upper barrier will be 118% of the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Absolute return range notes
Underlying asset:	iShares Russell 2000 index fund
Amount:	$6,401,000
Maturity:	Nov. 10, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If the index is never above the upper barrier or below the lower barrier, par plus the absolute value of the index return; otherwise, par
Initial fund price:	$71.63
Upper barrier:	$84.523, 118% of initial price
Lower barrier:	$58.737, 82% of initial price
Pricing date:	July 30
Settlement date:	Aug. 4
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.5%

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