New Issue: Merrill prices $6.6 million Stars tied to S&P 500 for Eksportfinans

By Jennifer Chiou

New York, June 17 - Eksportfinans ASA priced $6.6 million of 0% Strategic Accelerated Redemption Securities due Dec. 23, 2011 linked to the S&P 500 index via Bank of America Merrill Lynch, according to a 424B2 filing with the Securities and Exchange Commission.

If the index level on the Dec. 16, 2011 observation date is greater than or equal to the initial level, the notes will be automatically called and investors will receive par of $10 plus an annualized call premium of 14.72%.

If the notes are not called prior to maturity, investors will share fully in any losses.

Issuer:	Eksportfinans ASA
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$6,603,190
Maturity:	Dec. 23, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Investors share fully in any losses
Call:	Automatically at par plus call premium of 14.72% per year if index closes at or above initial level on Dec. 16, 2011
Initial index level:	1,265.42
Pricing date:	June 15
Settlement date:	June 22
Underwriter:	Bank of America Merrill Lynch
Fees:	1%
Cusip:	28264M558

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