New Issue: Wachovia sells $4.35 million 10% enhanced yield notes tied to SPDR Trust for Eksportfinans

By Susanna Moon

Chicago, Feb. 3 - Eksportfinans ASA priced $4.35 million of 10% enhanced yield securities due Aug. 5, 2009 linked to shares of the SPDR Trust, Series 1, via Wachovia Capital Markets, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless the fund shares fall by 30% or more during the life of the notes and finish below the initial share price, in which case the payout will be a number of fund shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying fund:	SPDR Trust, Series 1
Amount:	$4.35 million
Maturity:	Aug. 5, 2009
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	If the shares fall to or below the knock-in price during the life of the notes and the final share price is less than the initial share price, 12.0934 fund shares; otherwise, par
Initial share price:	$82.69
Knock-in price:	$57.883, or 70% of initial price
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agent:	Wachovia Capital Markets, LLC
Fees:	1.25%

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