New Issue: Wells Fargo prices $2.3 million access securities linked to S&P 500 for Eksportfinans

By Jennifer Chiou

New York, July 31 - Eksportfinans ASA priced $2.3 million of 0% access securities with capped upside and buffered downside due Aug. 3, 2012 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

If the final index return is positive, the payout at maturity will be par plus the gain, subject to a maximum return of 42.5%.

Investors will receive par for losses up to 20% and will share in losses at a rate of 1.25% per 1% drop beyond 20%.

Issuer:	Eksportfinans ASA
Issue:	Access securities with capped upside and buffered downside
Underlying index:	S&P 500
Amount:	$2.3 million
Maturity:	Aug. 3, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, up to maximum return of 42.5%; par for losses up to 20%; investors will share in losses at a rate of 1.25% per 1% drop beyond 20%
Initial index level:	975.15
Buffer level:	780.12, 80% of initial level
Pricing date:	July 29
Settlement date:	Aug. 3
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%

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