Wells Fargo plans 9%-10% enhanced yield securities on iShares Russell 2000 fund for Eksportfinans

By Jennifer Chiou

New York, July 8 - Eksportfinans ASA plans to price 9% to 10% annualized enhanced yield securities due Jan. 26, 2010 linked to the iShares Russell index fund via agent Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the fund falls by 20% or more during the life of the notes and finishes below the initial price, in which case investors will receive a number of fund shares equal to $1,000 divided by the initial price.

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