New issue: Wachovia prices $3.8 million principal-protected notes tied to commodities for Eksportfinans

By Jennifer Chiou

New York, April 30 - Wachovia Securities priced $3.8 million of 0% principal-protected notes due May 2, 2013 linked to a basket of three commodities and three commodity indexes for issuer Eksportfinans ASA, according to a 424B3 filing with the Securities and Exchange Commission.

The basket includes equal weights of coal, copper, WTI crude oil, the Baltic Panamax index, S&P GSCI Agriculture Excess Return index and the S&P GSCI Livestock Excess Return index.

The payout at maturity will be par plus 102.5% of the basket performance. Investors will receive at least par.

Issuer:	Eksportfinans ASA
Issue:	Principal-protected notes
Underlying assets:	Equal weights of coal, copper, WTI crude oil, the Baltic Panamax index, S&P GSCI Agriculture Excess Return index and the S&P GSCI Livestock Excess Return index
Amount:	$3.8 million
Maturity:	May 2, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 102.5% of the basket performance; floor of par
Pricing date:	April 25
Settlement date:	May 2
Agent:	Wachovia Securities
Fees:	2.25%

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