New Issue: Wachovia prices $3.34 million 96% protected notes tied to BRIC currencies for Eksportfinans

By Angela McDaniels

Tacoma, Wash., June 30 - Eksportfinans ASA priced $3.34 million of zero-coupon 96% principal-protected notes due Jan. 7, 2013 linked to a basket of currencies via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par plus double any appreciation in the basket relative to the dollar.

If the basket depreciates relative to the dollar, the payout will be par minus the decline, 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:	$3,342,000
Maturity:	Jan. 7, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any basket appreciation versus the dollar; exposure to any basket depreciation versus the dollar, with a minimum payout of 96% of par
Initial exchange rate:	1.9487 reais per dollar; 31.2546 rubles per dollar; 48.2000 rupees per dollar; 6.8316 renminbi per dollar
Pricing date:	June 29
Settlement date:	July 7
Underwriter:	Wachovia Capital Markets, LLC
Fees:	2%

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