New Issue: Deutsche Bank prices $2.8 million BUyS linked to S&P 500 for Eksportfinans

By Jennifer Chiou

New York, Dec. 4 - Deutsche Bank Securities Inc. priced a $2.8 million issue of 0% Buffered Underlying Securities (BUyS) due Dec. 5, 2011 linked to the S&P 500 index for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus any positive return on the index. If the index finishes below the initial level but at or above the buffer level - 80% of the initial index level - payout will be par.

If the index finishes below the buffer level, investors will receive par minus the percentage by which the index declined, plus $200.00 per $1,000 principal amount of notes.

Issuer:	Eksportfinans ASA
Underwriter:	Deutsche Bank Securities Inc.
Issue:	Buffered Underlying Securities (BUyS)
Underlying index:	S&P 500
Amount:	$2.8 million
Maturity:	Dec. 5, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any positive return on the index; par if the index declines by 20% or less; par minus the percentage decline in the index plus $200.00 per $1,000 principal amount of notes if the index finishes below the buffer level
Initial index level:	1,400.63
Buffer index level:	1,120.50, 80% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5

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