New Issue: Wells Fargo prices $2.31 million 13% enhanced yield notes on Motorola for Eksportfinans

By Jennifer Chiou

New York, Oct. 1 - Eksportfinans ASA priced $2.31 million of 13% annualized enhanced yield securities due April 5, 2010 linked to the common stock of Motorola, Inc. via underwriter Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Motorola stock declines by 30% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Motorola shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Motorola, Inc. (NYSE: MOT)
Amount:	$2,307,000
Maturity:	April 5, 2010
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	If Motorola stock falls to or below knock-in price during life of notes and finishes below initial share price, 118.9061 Motorola shares; otherwise, par
Initial share price:	$8.41
Knock-in price:	$5.887, 70% of initial price
Pricing date:	Sept. 29
Settlement date:	Oct. 2
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.25%

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