New Issue: Wachovia prices $9.11 million enhanced growth securities linked to S&P 500 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Sept. 2 - Eksportfinans ASA priced $9.11 million of 0% enhanced growth securities with leveraged upside and buffered downside due Sept. 1, 2010 linked to the S&P 500 index via underwriter Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum payment of $1,220 per $1,000 principal amount. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with leveraged upside and buffered downside
Underlying index:	S&P 500
Amount:	$9,105,000
Maturity:	Sept. 1, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 22% maximum return; par if index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial index level:	1,300.68
Pricing date:	Aug. 28
Settlement date:	Sept. 3
Underwriter:	Wachovia Capital Markets, LLC
Fees:	2.25%

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