New Issue: Wells Fargo prices $749,000 15% enhanced yield notes on Las Vegas Sands for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Nov. 2 - Eksportfinans ASA priced $749,000 of enhanced yield securities due Feb. 5, 2010 linked to the common stock of Las Vegas Sands Corp. via underwriter Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The three-month notes pay 3.75% for an annualized coupon of 15%. Interest is payable monthly.

If Las Vegas Sands stock falls to or below the knock-in price - 65% of the initial price - during the life of the notes and the final share price is less than the initial price, the payout at maturity will be a number of Las Vegas Sands shares equal to $1,000 divided by the initial share price. Otherwise, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Las Vegas Sands Corp. (NYSE: LVS)
Amount:	$749,000
Maturity:	Feb. 5, 2010
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	If Las Vegas Sands stock falls to or below knock-in price during life of notes and finishes below initial price, 67.7507 Las Vegas Sands shares; otherwise, par
Initial share price:	$14.76
Knock-in price:	$9.594, 65% of initial share price
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Underwriter:	Wells Fargo Securities, LLC
Fees:	0.9%

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