New Issue: Eksportfinans prices $9.16 million 16% securities linked to Amazon.com via Wachovia

By Laura Lutz

Des Moines, Oct. 24 - Eksportfinans ASA priced $9.16 million of 16% enhanced yield securities due May 5, 2008 linked to the common stock of Amazon.com, Inc., according to a 424B3 filing with the Securities and Exchange Commission.

Wachovia Capital Markets, LLC is the lead agent.

Interest will be payable monthly.

The payout at maturity will be par unless Amazon.com stock falls below the knock-in price - 70% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Amazon.com shares equal to $1,000 divided by the initial share price.

The securities will not be listed on any exchange.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying basket:	Amazon.com, Inc. (Nasdaq: AMZN)
Amount:	$9,162,000
Maturity:	May 5, 2008
Coupon:	16%, payable monthly
Price:	Par
Payout at maturity:	Par if Amazon.com stock falls below knock-in price during life of notes or finishes below the initial price; otherwise, a number of Amazon.com shares equal to $1,000 divided by initial share price
Initial price:	$91.29
Knock-in price:	$63.903, 70% of initial level
Pricing date:	Oct. 22
Settlement date:	Oct. 25
Agent:	Wachovia Capital Markets, LLC
Fees:	1.25%

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