Merrill plans 14-month Accelerated Return Notes linked to DJ-UBS Commodity for Eksportsportfinans

By Susanna Moon

Chicago, Aug. 25 - Eksportfinans ASA plans to price 0% Accelerated Return Notes due November 2012 linked to the Dow Jones-UBS Commodity index, according to an FWP with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the underwriter.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a cap of $11.10 to $11.50 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in September and settle in October.

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