New Issue: Wachovia prices $5.21 million 11.5% enhanced yield notes linked to Barrick for Eksportfinans

By Susanna Moon

Chicago, May 20 - Eksportfinans ASA priced $5.21 million of 11.5% annualized enhanced yield securities due Nov. 25, 2008 linked to the common stock of Barrick Gold Corp. 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 unless Barrick Gold stock falls by 25% or more during the life of the notes and finishes below its initial share price, in which case the payout will be a number of Barrick Gold shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Barrick Gold Corp. (NYSE: ABX)
Amount:	$5.21 million
Maturity:	Nov. 25, 2008
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	If Barrick Gold stock trades at or below the knock-in price during the life of the notes and the final share price is less than the initial share price, 24.8756 Barrick Gold shares; otherwise, par
Initial share price:	$40.20
Knock-in price:	$30.15, 75% of initial share price
Pricing date:	May 16
Settlement date:	May 21
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.25%

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