New Issue: Wachovia prices $2.19 million 13% enhanced yield notes tied to Weatherford for Eksportfinans

By Laura Lutz

Des Moines, March 18 - Eksportfinans ASA priced $2.19 million of 13% enhanced yield securities due Sept. 25, 2008 linked to the common stock of Weatherford International Ltd. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless Weatherford stock falls by more than 30% during the life of the notes - a knock-in event - and the stock finishes below the initial price, in which case the payout will be a number of Weatherford shares equal to par divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Weatherford International Ltd. (NYSE: WFT)
Amount:	$2,191,000
Maturity:	Sept. 25, 2008
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Weatherford stock falls by more than 30% during the life of the notes and the stock finishes below the initial price, in which case a number of Weatherford shares equal to par divided by the initial share price
Initial share price:	$68.26
Knock-in price:	$47.782, 70% of initial share price
Pricing date:	March 14
Settlement date:	March 19
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.25%

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