New Issue: IXIS prices $1.035 million of 12% notes linked to OmniVision Technologies for Eksportfinans

By Jennifer Chiou

New York, Jan. 12 - Eksportfinans ASA priced a $1.035 million issue of 12% knock-in reverse convertible securities due Jan. 18, 2008 linked to the common stock of OmniVision Technologies, Inc. via agent IXIS Securities North America Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay interest monthly

The payout at maturity will be par in cash unless OmniVision Technologies stock falls below the knock-in price of $7.084 during the life of the notes and finishes below the initial share price of $12.88, in which case the payout will be a number of OmniVision Technologies shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Knock-in reverse convertible securities
Underlying stock:	OmniVision Technologies, Inc.
Amount:	$1.035 million
Maturity:	Jan. 18, 2008
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if OmniVision Technologies stock stays at or above the knock-in price of $7.084 and finishes at or above the initial price; otherwise 77.6398 shares of OmniVision Technologies stock
Initial share price:	$12.88
Knock-in price:	$7.084, 55% of initial share price
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agent:	IXIS Securities North America Inc.
Fees:	4.1%

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