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Published on 3/31/2011 in the Prospect News Structured Products Daily.

Wells Fargo to price currency basket-linked notes for Eksportfinans

By Angela McDaniels

Tacoma, Wash., March 31 - Eksportfinans ASA plans to price 0% currency-linked notes due Oct. 7, 2015 linked to the performance of a basket of currencies relative to the U.S. dollar via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, the Brazilian real, the Canadian dollar and the Swiss franc.

The payout at maturity will be par plus 105% to 115% of the basket return, subject to a minimum payout of par. The basket return will be positive if the basket appreciates relative to the U.S. dollar.

The exact participation rate will be set at pricing.

The notes will price and settle in April.


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