New Issue: Wells Fargo prices $1.98 million autocallable notes on MSCI EM fund for Eksportfinans

By Toni Weeks

San Diego, March 1 - Eksportfinans ASA priced $1.98 million autocallable access securities due March 4, 2013 linked to the iShares MSCI Emerging Markets index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium if the fund's closing share price is greater than the initial share price on any of the call dates. The premium is 6.5% for the first call date of March 2, 2012, 9.75% for the second call date of Sept. 4, 2012 and 13% on the final call date of Feb. 25, 2013.

If the notes are not called and the fund's final share price is at least 90% of the initial level, the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines beyond 10%.

Issuer:	Eksportfinans ASA
Issue:	Autocallable access securities
Underlier:	MSCI Emerging Markets index fund
Amount:	$1,975,000
Maturity:	March 4, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par if fund return has not declined by more than 10%; otherwise, 1% loss for every 1% decline in the fund return
Call:	If final share price is greater than initial share price on any of the three call dates, at 6.5% on March 2, 2012, 9.75% on Sept. 4, 2012 and 13% on Feb. 25, 2013
Initial fund price:	$45.53
Pricing date:	Feb. 25
Settlement date:	March 2
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	282645VP2

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