New Issue: Deutsche prices $2.2 million 17% notes linked to WCI for Eksportfinans

By Jennifer Chiou

New York, Oct. 13 - Eksportfinans ASA priced a $2.2 million issue of 17% reverse convertible securities due Oct. 16, 2007 linked to WCI Communities, Inc. stock via agent Deutsche Bank Securities Inc., according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par unless WCI stock trades at or below the knock-in level of $9.02 during the life of the notes and finishes below the initial share price, in which case the payout will be a number of WCI shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Agent:	Deutsche Bank Securities, Inc.
Issue:	Reverse convertible securities
Underlying stock:	WCI Communities, Inc.
Amount:	$2.2 million
Maturity:	Oct. 16, 2007
Coupon:	17%, payable quarterly
Price:	Par
Payout at maturity:	Par in cash unless WCI stock hits the knock-in level of $9.02 and finishes below the initial share price, in which case payout will be 60.9756 shares of WCI stock
Initial share price:	$16.40
Knock-in price:	$9.02, 55% of initial price
Pricing date:	Oct. 11
Settlement date:	Oct. 16

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