Wachovia to sell 2% enhanced growth securities linked to S&P 500 for Eksportfinans

By Susanna Moon

Chicago, May 12 - Eksportfinans ASA plans to price 2% enhanced growth securities with capped upside due June 10, 2011 linked to the S&P 500 index via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par plus double any index gain, up to a maximum amount of $1,250 to $1,300 per security, with the exact amount to be set at pricing.

Investors will be exposed to any losses.

The notes will price in May and settle in June.

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