New Issue: Eksportfinans sells $415,000 of 10.1% reverse convertibles linked to Tyson Foods

By Laura Lutz

Des Moines, Oct. 24 - Eksportfinans ASA priced $415,000 of 10.1% knock-in reverse convertible securities due Oct. 26, 2007 linked to Tyson Foods, Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash if Tyson stock stays at or above the protection price, 80% of the initial price of $14.55, between Oct. 26, 2007 and Oct. 22, 2007, and finishes at or above the initial price. Otherwise, the payout will be in Tyson stock, with the number of shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Knock-in reverse convertible securities
Underlying stock:	Tyson Foods, Inc.
Amount:	$415,000
Maturity:	Oct. 26, 2007
Coupon:	10.1%, payable monthly
Price:	Par
Payout at maturity:	Par in cash if Tyson stock stays at or above the knock-in price of $11.64 and finishes at or above the initial price; otherwise shares of Tyson stock equal to $1,000 divided by the initial price
Initial price:	$14.55
Knock-in price:	$11.64, 80% of $14.55
Pricing date:	Oct. 20
Settlement date:	Oct. 26
Agent:	IXIS Securities North America Inc.
Agent's fee:	1.5%

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