Wachovia to price enhanced yield securities linked to Tiffany for Eksportfinans

By E. Janene Geiss

Philadelphia, May 5 - Eksportfinans ASA plans to price enhanced yield securities due Nov. 25, 2008 linked to the common stock of Tiffany & Co., according to an FWP filing with the Securities and Exchange Commission.

Wachovia Capital Markets, LLC is the agent.

The notes will bear interest at between 12% and 13% per year, with the exact rate to be set at pricing.

Interest will be payable monthly.

If Tiffany stock falls below the knock-in price - 75% of the initial price - during the life of the notes and finishes below the initial price, the payout at maturity will be a number of Tiffany shares equal to par divided by the initial price.

Otherwise, the payout will be par.

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