New Issue: Wells Fargo sells $1.21 million enhanced growth notes on Russell 2000 for Eksportfinans

By Susanna Moon

Chicago, Nov. 30 - Eksportfinans ASA priced $1.21 million of 0% enhanced growth securities with capped upside and buffered downside due June 5, 2013 based on the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.

Wells Fargo Securities, LLC is the agent.

The payout at maturity will be par plus double any gain in the index, up to a maximum payout of $1,480 per $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 15% and will lose 1.17647% for each 1% drop beyond 10%.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with capped upside and buffered downside
Underlying index:	Russell 2000
Amount:	$1,211,000
Maturity:	June 5, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% any index gain, capped at 48%; par if index falls by up to 15% and 1.17647% loss for each 1% decline beyond 15%
Initial index level:	592.19
Buffer level:	503.36, or 85% of initial level
Pricing date:	Nov. 25
Settlement date:	Dec. 1
Agent:	Wells Fargo Securities, LLC
Fees:	2.5%

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