New Issue: Wachovia prices $3.97 million notes linked to BRIC currencies for Eksportfinans

By Angela McDaniels

Tacoma, Wash., June 2 - Eksportfinans ASA priced $3.97 million of zero-coupon 96% principal-protected notes due Dec. 5, 2012 linked to a basket of equally weighted currencies relative to the dollar via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par plus 175% of any appreciation in the basket relative to the dollar. Investors will be exposed to any weakening of the basket against the dollar, subject to a maximum loss of 4%.

Issuer:	Eksportfinans ASA
Issue:	96% principal-protected notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
Amount:	$3,974,000
Maturity:	Dec. 5, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any basket appreciation relative to the dollar; exposure to any basket decline against the dollar, up to maximum loss of 4%
Initial exchange rates:	1.9698 reais per dollar; 30.7955 rubles per dollar; 47.1150 rupees per dollar; 6.8281 renminbi per dollar
Pricing date:	May 29
Settlement date:	June 5
Underwriter:	Wachovia Capital Markets, LLC
Fees:	2%

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