New Issue: Morgan Stanley prices $6.83 million PLUS linked to S&P 500 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., June 24 - Eksportfinans ASA priced $6.83 million of 0% Performance Leveraged Upside Securities due July 28, 2010 linked to the S&P 500 index via Morgan Stanley & Co. Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 21%. Investors will be fully exposed to any index decline.

Issuer:	Eksportfinans ASA
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$6,829,500
Maturity:	July 28, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, up to maximum return of 21%; full exposure to any index decline
Initial index level:	895.10
Pricing date:	June 23
Settlement date:	June 30
Agent:	Morgan Stanley& Co. Inc.
Fees:	1.5%

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