Wells Fargo plans enhanced growth notes on S&P 500 for Eksportfinans

By Jennifer Chiou

New York, Oct. 14 - Eksportfinans ASA plans to price 0% enhanced growth securities with capped upside due Nov. 5, 2010 linked to the S&P 500 index via agent Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, subject to a maximum return of 15% to 20% that will be set at pricing. Investors will share in any losses.

The notes will price in October and settle in November.

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