Wells Fargo plans enhanced growth securities on Industrial Select Sector SPDR for Eksportfinans

By Jennifer Chiou

New York, Nov. 6 - Eksportfinans ASA plans to price 0% enhanced growth securities with leveraged upside and buffered downside due Dec. 5, 2011 linked to the Industrial Select Sector SPDR fund via Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund shares, up to a maximum redemption of $1,180 to $1,230 per note, with the exact cap to be set at pricing.

Investors will receive par for losses up to 10% and will share in any losses at a rate of 1.1111% per 1% decline beyond 10%.

The notes will price in November and settle in December.

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