New Issue: Wells Fargo sells $1.17 million enhanced growth notes on MSCI EAFE for Eksportfinans

By Susanna Moon

Chicago, Feb. 26 - Eksportfinans ASA priced $1.17 million of 0% enhanced growth securities with leveraged upside and buffered downside due March 5, 2012 based on the iShares MSCI EAFE index fund via Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum payout of $1,200 per $1,000 principal amount of notes.

Investors will receive par if the shares fall by up to 10% and will lose 1.1111% per 1% decline beyond the buffer.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with leveraged upside and buffered downside
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$1,169,000
Maturity:	March 5, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, capped at $1,200 per note; 1.1111% loss per 1% drop beyond 10%
Initial fund level:	$52.62
Buffer level:	$47.36, or 90% of initial level
Pricing date:	Feb. 24
Settlement date:	March 1
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	282645UG3

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