Wells Fargo plans access notes linked to fund basket for Eksportfinans

By Susanna Moon

Chicago, Aug. 24 - Eksportfinans ASA plans to price 0% access securities with capped upside and buffered downside due March 1, 2011 linked to an equally weighted basket of exchange-traded funds via Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The underlying funds are the SPDR Trust, series 1, the iShares MSCI EAFE index fund, the iShares Russell 2000 index fund and the iShares S&P MidCap 400 index fund.

The payout at maturity will be par plus any gain in the basket, up to a maximum of $1,150 to $1,160 per note.

Investors will receive par if the basket falls by up to 15% and will lose 1.17647% per each 1% drop beyond 15%.

The notes will price in August and settle in September.

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