Wells Fargo to price access securities linked to iShares MSCI EAFE index fund for Eksportfinans

By Angela McDaniels

Tacoma, Wash., April 1 - Eksportfinans ASA plans to price 0% access securities with capped upside and contingent downside protection due Nov. 5, 2013 linked to the iShares MSCI EAFE index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if the exchange-traded fund's share price at any time on any day during the life of the notes falls to or below the knock-in level, which is 60% of the initial share price.

If the final share price is greater than the initial share price, the payout at maturity will be par plus the gain. The payout will be subject to a maximum return of 35% to 45% that will be set at pricing.

If the final share price is less than the initial share price, the payout will be par if a knock-out event has not occurred. Otherwise, investors will be exposed to the decline.

The notes will price in April and settle in May.

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