Wells Fargo to price autocallable notes linked to iShares MSCI Emerging Markets for Eksportfinans

By Angela McDaniels

Tacoma, Wash., July 14 - Eksportfinans ASA plans to price 0% autocallable access securities with fixed percentage buffered downside due Aug. 1, 2013 linked to the iShares MSCI Emerging Markets index fund via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium if the fund's shares close at or above the initial share price on Aug. 1, 2012, Feb. 1, 2013 or July 25, 2013. The premium is expected to be 7% to 9% per year and will be set at pricing.

If the notes are not called and the share price has not declined by more than 10%, the payout at maturity will be par. Investors will lose 1% for every 1% that the share price declines beyond 10%.

The notes are expected to price in July and settle in August.

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