Wells Fargo to price autocallable access notes linked to Energy Select Sector SPDR for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Nov. 18 - Eksportfinans ASA plans to price 0% autocallable access securities due Dec. 5, 2012 linked to the Energy Select Sector SPDR fund via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be called if the exchange-traded fund's shares close at or above the initial share price on Dec. 5, 2011, June 5, 2012 or Nov. 28, 2012. Investors will receive par plus a premium of 7% to 9% per year. The exact premium will be set at pricing.

If the notes are not called and the final share price is at least 90% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the share price declines beyond 10%.

The notes will price in November and settle in December.

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