New Issue: Wells Fargo prices $792,000 17% enhanced yield notes linked to Goodyear for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Eksportfinans ASA priced $792,000 of enhanced yield securities due March 5, 2010 linked to the common stock of Goodyear Tire & Rubber Co. via underwriter Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The six-month notes pay 8.5% for an annualized coupon of 17%. Interest is payable monthly.

The payout at maturity will be par unless Goodyear stock declines by 30% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Goodyear shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Goodyear Tire & Rubber Co. (NYSE: GT)
Amount:	$792,000
Maturity:	March 5, 2010
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	If Goodyear stock falls to or below knock-in price during life of notes and finishes below initial share price, 61.7284 Goodyear shares; otherwise, par
Initial share price:	$16.20
Knock-in price:	$11.34, 70% of initial price
Pricing date:	Aug. 28
Settlement date:	Sept. 2
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.25%

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