Eksportfinans to price Accelerated Return Notes on S&P MidCap 400

By Jennifer Chiou

New York, March 24 - Eksportfinans ASA plans to price 0% Accelerated Return Notes due June 2012 linked to the S&P MidCap 400 index via Merrill Lynch, Pierce, Fenner & Smith Inc., according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any index gain, up to a cap of $11.20 to $11.60 per note. The exact amount will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in April and settle in May.

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