Wells Fargo plans enhanced growth notes tied to S&P for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Nov. 10 - Eksportfinans ASA plans to price 0% enhanced growth securities with leveraged upside and buffered downside due Nov. 16, 2012 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times the percentage increase in the index, if any, subject to a maximum return of 10% to 15% that will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

The notes will price and settle in November.

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