New Issue: Wachovia sells $3.68 million 17% enhanced yield securities on Vegas Sands for Eksportfinans

By Susanna Moon

Chicago, June 18 - Eksportfinans ASA priced $3.68 million of 17% annualized enhanced yield securities due Dec. 19, 2008 linked to the common stock of Las Vegas Sands Corp. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless Las Vegas Sands stock falls by 30% or more during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Las Vegas Sands shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Las Vegas Sands Corp. (NYSE: LVS)
Amount:	$3,676,000
Maturity:	Dec. 19, 2008
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	If the stock trades at or below the knock-in price during the life of the notes and the final share price is less than the initial share price, 16.7898 Las Vegas Sands shares; otherwise, par
Initial share price:	$59.56
Knock-in price:	$41.692, or 70% of initial price
Pricing date:	June 16
Settlement date:	June 19
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.25%

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