Wachovia to price enhanced growth securities linked to S&P 500 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., March 10 - Eksportfinans ASA plans to price 0% enhanced growth securities with capped upside due Oct. 5, 2010 linked to the S&P 500 index via underwriter Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus four times any index gain, subject to a maximum return that is expected to be 30% to 35% and will be set at pricing. Investors will be fully exposed to any index decline.

The notes will price in March and settle in April.

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