Wachovia to sell 15%-17% enhanced yield securities linked to General Electric for Eksportfinans

By Susanna Moon

Chicago, Dec. 22 - Eksportfinans ASA plans to price 15% to 17% annualized enhanced yield securities due July 1, 2009 linked to the common stock of General Electric Co. via agent Wachovia Capital Markets, LLC, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless General Electric stock falls by 40% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of General Electric shares equal to $1,000 divided by the initial share price.

The notes will price in 2008 and settle in 2009.

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