New Issue: Wells Fargo prices $1.53 million 12% enhanced yield notes tied to Amazon for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Nov. 2 - Eksportfinans ASA priced $1.53 million of enhanced yield securities due May 5, 2010 linked to the common stock of Amazon.com Inc. via underwriter Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The six-month notes pay 6% for an annualized coupon of 12%. Interest is payable monthly.

If Amazon.com stock falls to or below the knock-in price - 75% of the initial price - during the life of the notes and the final share price is less than the initial price, the payout at maturity will be a number of Amazon.com shares equal to $1,000 divided by the initial share price. Otherwise, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Amazon.com Inc. (NYSE: AMZ)
Amount:	$1,532,000
Maturity:	May 5, 2010
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	If Amazon.com stock falls to or below knock-in price during life of notes and finishes below initial price, 8.1566 Amazon.com shares; otherwise, par
Initial share price:	$122.60
Knock-in price:	$91.95, 75% of initial share price
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.25%

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