New Issue: Wachovia prices $1.09 million 25% enhanced yield notes linked to Arch Coal for Eksportfinans

By Jennifer Chiou

New York, Oct. 2 - Eksportfinans ASA priced $1.09 million of 25% annualized enhanced yield securities due Dec. 18, 2008 linked to the common stock of Arch Coal, Inc. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Arch Coal stock falls by 35% or more during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Arch Coal shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Arch Coal, Inc. (NYSE: ACI)
Amount:	$1,085,000
Maturity:	Dec. 18, 2008
Coupon:	25%, payable monthly
Price:	Par
Payout at maturity:	If Arch Coal stock falls to or below the knock-in price during the life of the notes and the final share price is less than the initial share price, 30.4044 Arch Coal shares; otherwise, par
Initial share price: $32.89
Knock-in price:	$21.379, 65% of initial price
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Underwriter:	Wachovia Capital Markets, LLC
Fees:	0.9%

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