New Issue: Wells Fargo prices $7.01 million 9% enhanced yield notes on Goldman Sachs for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Feb. 18 - Eksportfinans ASA priced $7.01 million of enhanced yield securities due May 20, 2010 linked to the common stock of Goldman Sachs Group, Inc. via underwriter Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The three-month notes carry an annualized coupon of 9%. Interest is payable monthly.

The payout at maturity will be par unless Goldman Sachs stock falls by 20% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Goldman Sachs shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Goldman Sachs Group, Inc. (NYSE: GS)
Amount:	$7,009,000
Maturity:	May 20, 2010
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	If Goldman Sachs stock falls to or below knock-in price during life of notes and finishes below initial share price, 6.3532 Goldman Sachs shares; otherwise, par
Initial share price:	$157.40
Knock-in price:	$125.92, 80% of initial share price
Pricing date:	Feb. 16
Settlement date:	Feb. 19
Underwriter:	Wells Fargo Securities, LLC
Fees:	0.9%
Cusip:	282645UK4

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