New Issue: Wells Fargo prices $2.59 million autocallable access notes tied to energy ETF for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Dec. 1 - Eksportfinans ASA priced $2.59 million of 0% autocallable access securities due Dec. 5, 2012 linked to the Energy Select Sector SPDR fund via Wells Fargo Securities, LLC, according to a 424B2 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% per year.

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%.

Issuer:	Eksportfinans ASA
Issue:	Autocallable access securities
Underlying ETF:	Energy Select Sector SPDR fund
Amount:	$2,586,000
Maturity:	Dec. 5, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par if fund has not declined by more than 10%; otherwise, 1% loss for every 1% that fund declines beyond 10%
Call:	Automatically at par plus 7% per year if fund closes at or above initial level on Dec. 5, 2011, June 5, 2012 or Nov. 28, 2012
Initial share price:	$62.85
Pricing date:	Nov. 29
Settlement date:	Dec. 2
Underwriter:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	282645VG2

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