New Issue: Wells Fargo prices $7.7 million enhanced growth securities on S&P 500 for Eksportfinans

By Jennifer Chiou

New York, May 28 - Eksportfinans ASA priced $7.7 million of 0% enhanced growth securities with leveraged upside and buffered downside due Dec. 5, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Wells Fargo Securities, LLC is the agent.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum payout of $1,162.50 per $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 20% and will lose 1% per 1% decline beyond 20%.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with leveraged upside and buffered downside
Underlying index:	S&P 500
Amount:	$7.7 million
Maturity:	Dec. 5, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at $1,162.50 per note; par for losses up to 20% and 1% loss per 1% drop beyond 20%
Initial index level:	1,067.95
Buffer level:	854.36, 80% of initial level
Pricing date:	May 26
Settlement date:	June 3
Agent:	Wells Fargo Securities, LLC
Fees:	1%
Cusip:	282645VA5

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