New Issue: Merrill prices $68.66 million Accelerated Return Notes on Energy Select for Eksportfinans

By Toni Weeks

San Diego, Jan. 31 - Merrill Lynch & Co. priced $68.66 million of 14-month 0% Accelerated Return Notes linked to the Energy Select Sector index for Eksportfinans ASA, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity of March 30, 2012 will be par of $10 plus triple any index gain, subject to a maximum return of 17.88%. Investors will be exposed to any decline in the index.

Issuer:	Eksportfinans ASA
Issue:	Accelerated Return Notes
Underlying index:	Energy Select Sector index
Amount:	$68,661,380
Maturity:	March 30, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times the gain in the index, up to a maximum return of 17.88%; 1% loss for every 1% decline in the index
Initial index level:	716.66
Pricing date:	Jan. 27
Settlement date:	Feb. 4
Underwriter:	Merrill Lynch & Co.
Fees:	2%
Cusip:	282645316

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