Wachovia to price 10% to 11% enhanced yield securities linked to Newmont Mining for Eksportfinans

By Susanna Moon

Chicago, Jan. 7 - Wachovia Capital Markets, LLC plans to price enhanced yield securities due Oct. 30, 2008 linked to the common stock of Newmont Mining Corp. for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.

The notes will accrue interest at 10% to 11% per year, with the exact coupon to be determined at pricing. Interest will be payable monthly.

The payout at maturity will be par unless Newmont Mining stock falls by 25% or more during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Newmont Mining shares equal to $1,000 divided by the initial share price.

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